Five-year contract with 90% GPU capex prepaid
Company: IREN
The claim, verbatim
After quarter-end, IREN signed a five-year contract at about $22 million per IT-MW of estimated annual revenue, with customer prepayment covering 90% of associated GPU capex.
Source (primary)
iren 8-K exhibit (irenreportsq1-fy27result.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-11-06)Live source ↗
Quote: “Approximately $22 million per IT-MW on a five-year contract including customer prepayment covering 90% of associated GPU capex7”
How we checked this
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
Additional evidence
confirms iren 8-K exhibit (irenreportsq1-fy27result.htm)
Quote: “Approximately $22 million per IT-MW on a five-year contract including customer prepayment covering 90% of associated GPU capex7”