>$4B AI Cloud revenue 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 roughly 85% already under contract
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: “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 part of this claim, but not all of it.
The document confirms the >$4 billion run-rate target by 'year-end' with ~85% under contract, but it does not specify that year-end means 2026.
Confirmed in the source:
- IREN 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
We could not confirm this from the cited source:
- The year-end target specifically refers to year-end 2026
That does not mean it is false — only that this source does not establish it, as of the date above. If we find a source that settles it, we will re-check and update this page.
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: “Management now targets more than $4 billion in AI Cloud annualized run-rate revenue by year-end, with roughly 85% already under contract”