Three-year contract pricing above $20M/MW; prepayments 45-55%
Company: IREN
The claim, verbatim
Recent IREN three-year agreements exceeded $20 million per megawatt of IT load, with negotiations approaching $25 million, and customer prepayments cover 45-55% of GPU capital expenditures.
Source (primary)
Nebius vs. IREN: Which AI Infrastructure Stock is the Better Buy? - Yahoo Finance (-, 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. These favorable pricing dynamics, coupled with 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? - Yahoo Finance
Quote: “Recent three-year agreements have exceeded $20 million per megawatt of IT load, with ongoing negotiations approaching $25 million. These favorable pricing dynamics, coupled with customer prepayments covering 45-55% of GPU capital expenditures”