Revenue backlog $20.3B
Company: IREN
The claim, verbatim
IREN's disclosed revenue backlog reached $20.3 billion, up 22% from the prior quarter, with roughly two-thirds tied to investment-grade counterparties.
Source (primary)
Goldman Sachs Cuts IREN Price Target 40% to $30, Keeps Neutral Rating - www.tokenpost.com (-, news_article)
View cached copy (2026-11-08)Live source ↗
Quote: “The company's disclosed revenue backlog reached $20.3 billion, a 22% increase from the prior quarter. Roughly two-thirds of the backlog is tied to investment-grade counterparties.”
How we checked this
Checked on November 9, 2026. The cited source supports every part of this claim.
The article states all three figures: a $20.3 billion backlog, a 22% quarterly increase, and roughly two-thirds tied to investment-grade counterparties.
Confirmed in the source:
- IREN's disclosed revenue backlog reached $20.3 billion
- The backlog was up 22% from the prior quarter
- Roughly two-thirds of the backlog is tied to investment-grade counterparties
What we did: Read our cached copy of the publisher (https://www.tokenpost.com/news/investing/51513) in full (2,380 characters, retrieved November 8, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Goldman Sachs Cuts IREN Price Target 40% to $30, Keeps Neutral Rating - www.tokenpost.com
Quote: “The company's disclosed revenue backlog reached $20.3 billion, a 22% increase from the prior quarter. Roughly two-thirds of the backlog is tied to investment-grade counterparties.”