Contract backlog reaches $20.3B
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% - Yahoo Finance (-, news_article)
View cached copy (2026-11-10)Live source ↗
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, and it discusses that backlog in terms of contract counterparties.
Confirmed in the source:
- IREN's backlog reached $20.3 billion as of its Q1 FY2027 report on November 5.
What we did: Read our cached copy of the publisher (https://finance.yahoo.com/markets/stocks/articles/iren-falls-5-friday-20-145304917.html) in full (14,554 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% - Yahoo Finance
Quote: “its backlog reached $20.3 billion”