$4B annualized run-rate revenue target delayed
Company: IREN
The claim, verbatim
IREN pushed back its target of more than $4 billion in annualized run-rate revenue operational, previously guided for December 2026, to January 2027, with possible slippage into late February 2027 if equipment supplies fall behind; it cited equipment delivery delays and project modifications.
Source (primary)
IREN's $4 billion AI target hits an unexpected delay - GuruFocus (-, news_article)
View cached copy (2026-11-07)Live source ↗Archive.org ↗
Quote: “Management had previously guided for more over $4 billion in annual recurring revenue operations online by December. Now it's aiming for January, possibly slipping into late February if supplies fall behind.”
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Additional evidence
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, possibly slipping into late February if supplies fall behind.”