Customer prepayment coverage of GPU capex
Company: IREN
The claim, verbatim
Recent customer prepayments covered 45% to 55% of associated GPU capital expenditures
Source (primary)
Northland starts IREN at Outperform with $99 target, implying 128% upside - t.co (-, news_article)
View cached copy (2026-09-25)Live source ↗Archive.org ↗
Quote: “Recent customer prepayments covered 45% to 55% of associated GPU capital expenditures”
How we checked this
Checked on September 27, 2026. The cited source supports every part of this claim.
The article directly states recent customer prepayments covered 45% to 55% of associated GPU capex.
Confirmed in the source:
- Recent IREN customer prepayments covered 45% to 55% of associated GPU capital expenditures
What we did: Read our cached copy of the publisher (https://t.co/I12mT3FX2r) in full (8,772 characters, retrieved September 25, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Northland starts IREN at Outperform with $99 target, implying 128% upside - t.co
Quote: “Recent customer prepayments covered 45% to 55% of associated GPU capital expenditures”