Contract pricing above $20M per MW of IT load
Company: IREN
The claim, verbatim
Three-year contract pricing has risen ~125% and five-year pricing ~70% since November; recent three-year agreements exceeded $20 million per MW of IT load, with negotiations approaching $25 million.
Source (primary)
Nebius vs. IREN: Which AI Infrastructure Stock is the Better Buy? - Zacks Investment Research (-, news_article)
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Quote: “Recent three-year agreements have exceeded $20 million per megawatt of IT load, with ongoing negotiations approaching $25 million.”
How we checked this
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Additional evidence
confirms Nebius vs. IREN: Which AI Infrastructure Stock is the Better Buy? - Zacks Investment Research
Quote: “Recent three-year agreements have exceeded $20 million per megawatt of IT load, with ongoing negotiations approaching $25 million.”