Revenue backlog of $20.3B, up 22% sequentially
Company: IREN
The claim, verbatim
IREN disclosed a revenue backlog of $20.3 billion, up 22% sequentially. The majority of the backlog is tied to investment-grade customers.
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: “IREN's revenue backlog of $20.3 billion, which the company disclosed rose 22% sequentially, with the majority tied to investment-grade customers”
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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: “IREN's revenue backlog of $20.3 billion, which the company disclosed rose 22% sequentially, with the majority tied to investment-grade customers”