Year-end 2026 AI cloud annualized revenue run-rate 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% already under contract
Source (primary)
AI Data Center Stocks Rally: Why CRWV, NBIS, IREN and APLD Are Surging Together - MEXC (-, news_article)
View cached copy (2026-08-31)Live source ↗
Quote: “the company raised its year-end AI cloud annualized run-rate revenue target from $3.7 billion to more than $4 billion”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The article states that IREN raised its year-end 2026 AI cloud annualized run-rate revenue target from $3.7 billion to more than $4 billion. It also says approximately 85% of that target was already under contract.
Confirmed in the source:
- IREN raised its year-end 2026 AI cloud annualized run-rate revenue target to more than $4 billion (from $3.7 billion)
- Approximately 85% of IREN's year-end AI cloud run-rate revenue target was already under contract
What we did: Read our cached copy of the publisher (https://www.mexc.co/crypto-pulse/article/ai-data-center-stocks-rally-138396) in full (33,450 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms AI Data Center Stocks Rally: Why CRWV, NBIS, IREN and APLD Are Surging Together - MEXC
Quote: “the company raised its year-end AI cloud annualized run-rate revenue target from $3.7 billion to more than $4 billion”
confirms Dow falls over 100 points; IREN shares jump on AI target - scanx.trade
Quote: “the company announced it raised its year-end AI Cloud annualized run-rate revenue target”