Finn Stockinger(@FinnStockinger):$IREN plans to reach $4B ARR by the end of 2026. Now imagine 2027. If they add just 500MW of new capacity and each MW generates $20M per year, that’s another $10B in ARR. At $25M per MW, it’s $12.5B. Add the existing $4B, and we’re looking at roughly $14–16.5B ARR by the end of 2027. So when I wrote about $15B ARR for $IREN by EOY 2027, I wasn’t making it up. And here’s the crazy part: $IREN has a market cap of only ~$15B today. Think about that for a second.

2026.08.27 20:53

$IREN plans to reach $4B ARR by the end of 2026. Now imagine 2027. If they add just 500MW of new capacity and each MW generates $20M per year, that’s another $10B in ARR. At $25M per MW, it’s $12.5B. Add the existing $4B, and we’re looking at roughly $14–16.5B ARR by the end of 2027. So when I wrote about $15B ARR for $IREN by EOY 2027, I wasn’t making it up. And here’s the crazy part: $IREN has a market cap of only ~$15B today. Think about that for a second.