$4+ billion AI Cloud ARR target by year-end
Company: IREN
The claim, verbatim
Management targets more than $4 billion in AI Cloud annualized run-rate revenue by year-end 2026, with 85% already under contract
Source (primary)
IREN delivers first AI data center to Microsoft as short interest hits 26% - scanx.trade (-, news_article)
View cached copy (2026-09-05)Live source ↗Archive.org ↗
Quote: “Management now targets more than $4 billion in AI Cloud annualized run-rate revenue by year-end, with roughly 85% already under contract.”
How we checked this
Checked on September 19, 2026. The cited source supports every part of this claim.
The document confirms the $4 billion year-end ARR target with 85% under contract; the document is dated 2026.
Confirmed in the source:
- Management targets more than $4 billion in AI Cloud annualized run-rate revenue by year-end
- Roughly 85% of that target is already under contract
What we did: Read our cached copy of the publisher (https://scanx.trade/stock-market-news/companies/iren-shares-jump-10-microsoft-accepts-first-ai-data-center/48180266) in full (24,017 characters, retrieved September 5, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms IREN delivers first AI data center to Microsoft as short interest hits 26% - scanx.trade
Quote: “Management now targets more than $4 billion in AI Cloud annualized run-rate revenue by year-end, with roughly 85% already under contract.”