Customer prepayments as percentage of GPU capital expenditures
Company: IREN
The claim, verbatim
Customer prepayments represented 45%-55% of associated GPU capital expenditures
Source (primary)
Jim Cramer Prefers CoreWeave (CRWV) Over IREN (IREN) - Yahoo Finance (-, news_article)
View cached copy (2026-09-10)Live source ↗
Quote: “Roberts said recent three-year contracts represented more than $20 million of revenue per megawatt and that customer prepayments represented 45%-55% of associated GPU capital expenditures.”
How we checked this
Checked on September 20, 2026. The cited source supports every part of this claim.
The document attributes this figure to Roberts.
Confirmed in the source:
- IREN's customer prepayments represented 45%-55% of associated GPU capital expenditures
- This was stated by CEO Daniel Roberts
What we did: Read our cached copy of the publisher (https://finance.yahoo.com/markets/stocks/articles/jim-cramer-prefers-coreweave-crwv-172351539.html) in full (11,661 characters, retrieved September 10, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Jim Cramer Prefers CoreWeave (CRWV) Over IREN (IREN) - Yahoo Finance
Quote: “Roberts said recent three-year contracts represented more than $20 million of revenue per megawatt and that customer prepayments represented 45%-55% of associated GPU capital expenditures.”