Three-year contracts priced above $20M revenue per MW
Company: IREN
The claim, verbatim
Management said recent three-year AI compute contracts were pricing above $20 million in revenue per megawatt of IT load.
Source (primary)
IREN Drops 18% in a Week Despite Booming AI Demand as $30B Spending Plan Raises Questions - finance.yahoo.com (-, news_article)
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Quote: “Management said recent three-year contracts were pricing above $20 million in revenue per megawatt of IT load.”
How we checked this
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Additional evidence
confirms IREN Drops 18% in a Week Despite Booming AI Demand as $30B Spending Plan Raises Questions - finance.yahoo.com
Quote: “Management said recent three-year contracts were pricing above $20 million in revenue per megawatt of IT load.”