AI Cloud revenue guidance for 2026
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 Rallies 6% as Microsoft Signs Off on Horizon 1, NVIDIA Grants Exemplar Cloud Status - 24/7 Wall St. (-, news_article)
View cached copy (2026-08-31)Live source ↗
Quote: “Management targets more than $4 billion in AI Cloud annualized run-rate revenue by year-end, with 85% already under contract”
How we checked this
Checked on September 19, 2026. The cited source supports every part of this claim.
The document states management targets more than $4 billion in AI Cloud annualized run-rate revenue by year-end with 85% under contract.
Confirmed in the source:
- Management targets more than $4 billion in AI Cloud annualized run-rate revenue by year-end
- 85% of that target is already under contract
What we did: Read our cached copy of the publisher (https://247wallst.com/investing/2026/08/13/iren-rallies-6-as-microsoft-signs-off-on-horizon-1-nvidia-grants-exemplar-cloud-status/) in full (13,930 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms IREN Rallies 6% as Microsoft Signs Off on Horizon 1, NVIDIA Grants Exemplar Cloud Status - 24/7 Wall St.
Quote: “Management targets more than $4 billion in AI Cloud annualized run-rate revenue by year-end, with 85% already under contract”