$4B+ annualized run-rate revenue target delayed
Company: IREN
The claim, verbatim
IREN's target of more than $4 billion in annualized run-rate revenue moved from calendar year-end 2026 to January 2027, with a possible slip to the end of February 2027.
Source (primary)
IREN Sinks 10% as Analyst Target Cuts Pile Up After Microsoft Delay; Cipher Digital Falls 6%, TeraWulf Slides 2% - 24/7 Wall St. (-, news_article)
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Quote: “The more than $4 billion of annualized run-rate revenue moved from year-end to January, with a possible slip to the end of February.”
How we checked this
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Additional evidence
confirms IREN Sinks 10% as Analyst Target Cuts Pile Up After Microsoft Delay; Cipher Digital Falls 6%, TeraWulf Slides 2% - 24/7 Wall St.
Quote: “The more than $4 billion of annualized run-rate revenue moved from year-end to January, with a possible slip to the end of February.”