2026 ARR target of over $4 billion
Company: IREN
The claim, verbatim
IREN raised its year-end AI Cloud annual recurring revenue target to more than $4 billion from $3.7 billion
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: “IREN Limited has raised its year-end AI Cloud annualized run-rate revenue (ARR) target to more than $4bn from $3.7bn”
How we checked this
Checked on September 19, 2026. The cited source supports every part of this claim.
The document explicitly reports the raise from $3.7bn to over $4bn; 'annual recurring revenue' matches the source's ARR figure.
Confirmed in the source:
- IREN raised its year-end AI Cloud ARR target to more than $4 billion
- The previous target was $3.7 billion
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: “IREN Limited has raised its year-end AI Cloud annualized run-rate revenue (ARR) target to more than $4bn from $3.7bn”