Customer prepayments fund 45–55% of GPU capex
Company: IREN
The claim, verbatim
Customer prepayments now cover 45% to 55% of IREN's GPU capital expenditure.
Source (primary)
IREN’s Yearlong Downward Trend Continues: A Prominent Wall Street Firm Says It Will Double and Then Some - AOL.com (-, news_article)
View cached copy (2026-09-29)Live source ↗Archive.org ↗
Quote: “Customer prepayments now cover 45% to 55% of GPU capex.”
How we checked this
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Additional evidence
confirms IREN’s Yearlong Downward Trend Continues: A Prominent Wall Street Firm Says It Will Double and Then Some - AOL.com
Quote: “Customer prepayments now cover 45% to 55% of GPU capex.”