IREN AI neocloud capex guidance $25-30B
Company: IREN
The claim, verbatim
IREN guided to project capex of $25 to $30 billion to build out its vertically integrated AI neocloud, as stated on its August earnings call.
Source (primary)
IREN’s $363M GPU Raise, Morgan Stanley’s Bullish TeraWulf Price Target, and SK Hynix’s Earnings - Yahoo Finance (-, news_article)
View cached copy (2026-10-29)Live source ↗
Quote: “In August, Iran said during its earnings call that they needed at least 25 to $30 billion to to see that uh come to life”
How we checked this
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Additional evidence
confirms IREN’s $363M GPU Raise, Morgan Stanley’s Bullish TeraWulf Price Target, and SK Hynix’s Earnings - Yahoo Finance
Quote: “In August, Iran said during its earnings call that they needed at least 25 to $30 billion to to see that uh come to life”