2026 AI Cloud annualized run-rate revenue target
Company: IREN
The claim, verbatim
IREN raised its year-end 2026 AI Cloud annualized run-rate revenue target to more than $4 billion, with approximately 85% under contract
Source (primary)
IREN Stock Jumps 10% After Microsoft, NVIDIA AI Infrastructure Wins - The Crypto Times (-, news_article)
View cached copy (2026-08-31)Live source ↗
Quote: “IREN raised its year-end 2026 AI Cloud annualized run-rate revenue target to more than $4 billion, from $3.7 billion. The company said about 85% of that target was under contract”
How we checked this
Checked on September 19, 2026. The cited source supports every part of this claim.
The document states the target was raised to more than $4 billion from $3.7 billion with about 85% under contract.
Confirmed in the source:
- IREN raised its year-end 2026 AI Cloud annualized run-rate revenue target to more than $4 billion
- About 85% of that target is under contract
What we did: Read our cached copy of the publisher (https://www.cryptotimes.io/2026/08/13/iren-stock-jumps-10-after-microsoft-nvidia-ai-infrastructure-wins/) in full (9,230 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms IREN Stock Jumps 10% After Microsoft, NVIDIA AI Infrastructure Wins - The Crypto Times
Quote: “IREN raised its year-end 2026 AI Cloud annualized run-rate revenue target to more than $4 billion, from $3.7 billion. The company said about 85% of that target was under contract”