2026 capacity expansion target
Company: IREN
The claim, verbatim
Targeting 480 megawatts of AI Cloud capacity with 150,000 GPUs in 2026
Source (primary)
iren 8-K exhibit (irentranscript.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-09-07)Live source ↗
Quote: “In 2026, we are targeting 480 megawatts of AI Cloud capacity, 150,000 GPUs, and 3.7 billion of ARR by year-end.”
How we checked this
Checked on September 19, 2026. The cited source supports every part of this claim.
The transcript states the 480 megawatt and 150,000 GPU targets for 2026.
Confirmed in the source:
- IREN is targeting 480 megawatts of AI Cloud capacity in 2026
- IREN is targeting 150,000 GPUs in 2026
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1878848/000187884826000028/irentranscript.htm) in full (50,400 characters, retrieved September 7, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms iren 8-K exhibit (irentranscript.htm)
Quote: “In 2026, we are targeting 480 megawatts of AI Cloud capacity, 150,000 GPUs, and 3.7 billion of ARR by year-end.”