Contracted annualized recurring revenue from Microsoft and AI lab partnerships
Company: IREN
The claim, verbatim
IREN has secured $4 billion in contracted annualized recurring revenue tied to 2026 AI capacity, including a substantial commitment from Microsoft and a multi-year agreement with a leading AI lab
Source (primary)
IREN Targets Up to $30 Billion in AI Infrastructure Spending for Fiscal 2027 - finance.biggo.com (-, news_article)
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Quote: “disclosed that it has already secured roughly $4 billion in contracted annualized recurring revenue tied to its 2026 AI capacity. That figure includes a substantial commitment from Microsoft and a new multi-year agreement with a leading AI lab”
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Additional evidence
confirms IREN Targets Up to $30 Billion in AI Infrastructure Spending for Fiscal 2027 - finance.biggo.com
Quote: “disclosed that it has already secured roughly $4 billion in contracted annualized recurring revenue tied to its 2026 AI capacity. That figure includes a substantial commitment from Microsoft and a new multi-year agreement with a leading AI lab”