Revenue backlog
Company: IREN
The claim, verbatim
Revenue backlog rose 22% sequentially to $20.3 billion, with roughly two-thirds tied to investment-grade counterparties.
Source (primary)
IREN Q1 Revenue Tops Estimates as AI Cloud Sales Nearly Triple; Shares Rise 9% - BigGo Finance (-, news_article)
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Quote: “Revenue backlog rose 22% sequentially to $20.3 billion, with roughly two-thirds tied to investment-grade counterparties.”
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Additional evidence
confirms IREN Q1 Revenue Tops Estimates as AI Cloud Sales Nearly Triple; Shares Rise 9% - BigGo Finance
Quote: “Revenue backlog rose 22% sequentially to $20.3 billion, with roughly two-thirds tied to investment-grade counterparties.”