FY27 capital expenditures of $25-30 billion outlined
Company: IREN
The claim, verbatim
IREN outlined FY27 capital expenditures of $25 billion to $30 billion for current deployments, 2027 capacity, and early 2028 work
Source (primary)
Northland starts IREN at Outperform with $99 target, implying 128% upside - Yahoo Finance (-, news_article)
View cached copy (2026-09-21)Live source ↗
Quote: “IREN has outlined FY27 capital expenditures of $25 billion to $30 billion, including spending on current deployments, calendar 2027 capacity and early work for 2028 projects”
How we checked this
Checked on September 26, 2026. The cited source supports every part of this claim.
The article states the $25-30 billion FY27 capex range and lists the same three spending categories.
Confirmed in the source:
- IREN outlined FY27 capital expenditures of $25 billion to $30 billion
- The capex includes spending on current deployments, calendar 2027 capacity and early work for 2028 projects
What we did: Read our cached copy of the publisher (https://finance.yahoo.com/markets/stocks/articles/northland-starts-iren-outperform-99-135457164.html) in full (9,648 characters, retrieved September 21, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Northland starts IREN at Outperform with $99 target, implying 128% upside - Yahoo Finance
Quote: “IREN has outlined FY27 capital expenditures of $25 billion to $30 billion, including spending on current deployments, calendar 2027 capacity and early work for 2028 projects”