New five-year contract at $22M per MW with 90% GPU prepayment
Company: IREN
The claim, verbatim
Since quarter-end, IREN signed a five-year contract at $22 million of annualized revenue per megawatt of IT load, with a customer prepayment covering approximately 90% of the related GPU capital expenditure.
Source (primary)
What IREN (IREN) Said on Its Q1 Earnings Call - Yahoo Finance (-, news_article)
View cached copy (2026-11-06)Live source ↗Archive.org ↗
Quote: “IREN signed a five-year contract at $22 million of annualized revenue per megawatt of IT load, with a customer prepayment covering approximately 90% of the related GPU capital expenditure”
How we checked this
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Additional evidence
confirms What IREN (IREN) Said on Its Q1 Earnings Call - Yahoo Finance
Quote: “IREN signed a five-year contract at $22 million of annualized revenue per megawatt of IT load, with a customer prepayment covering approximately 90% of the related GPU capital expenditure”
confirms IREN Shares Slump 17% as Bitcoin Mining Revenue Collapses and Microsoft Delivery Slips to 2027 - BigGo Finance
Quote: “IREN has signed a five-year contract at roughly $22 million per megawatt, with the customer prepaying about 90% of associated GPU capital costs”