Contract backlog
Company: IREN
The claim, verbatim
IREN's contract backlog reached $20.3 billion as of its Q1 FY2027 report.
Source (primary)
IREN Falls 5% After Friday's 20% Surge as AI Lending Worries Mount; TeraWulf and Applied Digital Rise 2% - 24/7 Wall St. (-, news_article)
View cached copy (2026-11-10)Live source ↗Archive.org ↗
Quote: “its backlog reached $20.3 billion”
How we checked this
Checked on November 11, 2026. The cited source supports every part of this claim.
The article gives the $20.3 billion backlog figure in its description of IREN's Q1 FY2027 report.
Confirmed in the source:
- IREN's backlog reached $20.3 billion as of its Q1 FY2027 report
What we did: Read our cached copy of the publisher (https://247wallst.com/investing/2026/11/09/iren-falls-5-after-fridays-20-surge-as-ai-lending-worries-mount-terawulf-and-applied-digital-rise-2/) in full (12,733 characters, retrieved November 10, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms IREN Falls 5% After Friday's 20% Surge as AI Lending Worries Mount; TeraWulf and Applied Digital Rise 2% - 24/7 Wall St.
Quote: “its backlog reached $20.3 billion”