$4 billion annualized revenue run-rate
Company: IREN
The claim, verbatim
IREN targets an operating annualized run-rate revenue (ARR) of $4 billion to be operational by December 31, 2026
Source (primary)
Bitcoin miner IREN still gets 82% of revenue from BTC after clearing room for Microsoft AI cloud - CryptoRank (-, news_article)
View cached copy (2026-09-01)Live source ↗
Quote: “IREN targets the larger run rate to be operational by Dec. 31”
How we checked this
Checked on September 17, 2026. The cited source supports every part of this claim.
The article says IREN had $4 billion of contracted ARR for its 2026 capacity and targets that larger run rate to be operational by Dec. 31.
Confirmed in the source:
- IREN reported $4 billion of contracted annualized run-rate revenue (ARR) for its 2026 capacity
- IREN targets that larger run rate to be operational by December 31 (2026, given the article's August 2026 context and reference to 2026 capacity)
What we did: Read our cached copy of the publisher (https://cryptorank.io/news/feed/691ef-iren-ai-cloud-revenue-639m-impairment-bitcoin-82-revenue) in full (8,148 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Bitcoin miner IREN still gets 82% of revenue from BTC after clearing room for Microsoft AI cloud - CryptoRank
Quote: “IREN targets the larger run rate to be operational by Dec. 31”