AI cloud capacity expansion to 1.2 GW by 2027
Company: IREN
The claim, verbatim
AI cloud capacity expected to increase from 480 MW in 2026 to 1.2 GW by 2027
Source (primary)
IREN stock surges 9.11% as 85% of $4B ARR target is under contract - scanx.trade (-, news_article)
View cached copy (2026-09-05)Live source ↗Archive.org ↗
Quote: “AI cloud capacity is expected to increase from 480 MW this year to 1.2 GW by 2027”
How we checked this
Checked on September 19, 2026. The cited source supports every part of this claim.
The document states the 480 MW to 1.2 GW expansion, with 'this year' being 2026.
Confirmed in the source:
- AI cloud capacity is expected to increase from 480 MW in 2026 to 1.2 GW by 2027
What we did: Read our cached copy of the publisher (https://scanx.trade/stock-market-news/companies/iren-stock-surges-9-11-as-85-of-4b-arr-target-is-under-contract/46975302) in full (20,387 characters, retrieved September 5, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms IREN stock surges 9.11% as 85% of $4B ARR target is under contract - scanx.trade
Quote: “AI cloud capacity is expected to increase from 480 MW this year to 1.2 GW by 2027”