$4B+ ARR target delayed to January 2027
Company: IREN
The claim, verbatim
IREN previously targeted more than $4 billion in annual recurring revenue by end of 2026; management now expects to achieve it in January 2027, possibly extending into February.
Source (primary)
IREN Shares Surge 18% After Strong AI Cloud Revenue Growth and Better-Than-Expected Quarterly Results - Yahoo Finance (-, news_article)
View cached copy (2026-11-07)Live source ↗Archive.org ↗
Quote: “management now expects to achieve the target in January 2027, with the possibility that the timetable could extend into February”
How we checked this
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Additional evidence
confirms IREN Shares Surge 18% After Strong AI Cloud Revenue Growth and Better-Than-Expected Quarterly Results - Yahoo Finance
Quote: “management now expects to achieve the target in January 2027, with the possibility that the timetable could extend into February”
confirms IREN's $4 billion AI target hits an unexpected delay - GuruFocus
Quote: “Management had previously guided for more over $4 billion in annual recurring revenue operations online by December. Now it's aiming for January”