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
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
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”