Plan to fill $6B capex funding gap
Company: IREN
The claim, verbatim
About $9 billion of planned capex is covered by cash, committed financing and customer prepayments; management expects to fill the remaining $6 billion gap from data center and GPU financing, against an indicative $12 billion to $15 billion of potential sources before any convertible or equity issuance.
Source (primary)
IREN Shares Slump 17% as Bitcoin Mining Revenue Collapses and Microsoft Delivery Slips to 2027 - BigGo Finance (-, news_article)
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Quote: “leaving a $6 billion gap that management expects to fill from data center and GPU financing, against an indicative $12 billion to $15 billion of potential sources before any convertible or equity issuance”
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Additional evidence
confirms IREN Shares Slump 17% as Bitcoin Mining Revenue Collapses and Microsoft Delivery Slips to 2027 - BigGo Finance
Quote: “leaving a $6 billion gap that management expects to fill from data center and GPU financing, against an indicative $12 billion to $15 billion of potential sources before any convertible or equity issuance”