$1.94B Horizon revenue target
Company: IREN
The claim, verbatim
Four Horizon facilities are expected to generate approximately $1.94 billion in annualized revenue once all are operational
Source (primary)
IREN Shares Surge as Microsoft Accepts First AI Data Center Under $9.7 Billion Pact - finance.biggo.com (-, news_article)
View cached copy (2026-08-31)Live source ↗
Quote: “The contract is expected to generate roughly $1.94 billion in annualized revenue once all four Horizon facilities are operational”
How we checked this
Checked on September 19, 2026. The cited source supports every part of this claim.
The document states the contract is expected to generate roughly $1.94 billion in annualized revenue once all four Horizon facilities are operational.
Confirmed in the source:
- The four Horizon facilities are expected to generate approximately $1.94 billion in annualized revenue once all are operational
What we did: Read our cached copy of the publisher (https://finance.biggo.com/news/1a9b275f-b452-45e8-ae79-3382233c4a74) in full (7,218 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms IREN Shares Surge as Microsoft Accepts First AI Data Center Under $9.7 Billion Pact - finance.biggo.com
Quote: “The contract is expected to generate roughly $1.94 billion in annualized revenue once all four Horizon facilities are operational”