Horizon 1 capex $300–350M and funding plan
Company: IREN
The claim, verbatim
Horizon 1 (50MW IT load) has expected capex of $300–$350 million, to be funded primarily through colocation customer prepayments and debt financing.
Source (primary)
iren 8-K exhibit (businessupdatevf.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-18)Live source ↗
Quote: “Capex of $300–$350 million, expected to be funded primarily through colocation customer prepayments and debt financing.”
How we checked this
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Additional evidence
confirms iren 8-K exhibit (businessupdatevf.htm)
Quote: “Capex of $300–$350 million, expected to be funded primarily through colocation customer prepayments and debt financing.”