Customer prepayments cover 45-55% of GPU capex
Company: IREN
The claim, verbatim
Customer prepayments cover 45-55% of IREN's GPU capital expenditures.
Source (primary)
Nebius vs. IREN: Which AI Infrastructure Stock is the Better Buy? - Zacks Investment Research (-, news_article)
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Quote: “customer prepayments covering 45-55% of GPU capital expenditures”
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: “customer prepayments covering 45-55% of GPU capital expenditures”