$20B backlog customer mix
Company: IREN
The claim, verbatim
Roberts said two-thirds of IREN's $20 billion backlog is with investment-grade customers Microsoft and NVIDIA, while the lower-credit portion tends to come with higher prepayments.
Source (primary)
IREN Ltd (IREN) Q1 2027 Earnings Call Highlights: AI Cloud Revenue Nearly Triples to $200 ... - Yahoo Finance Australia (-, news_article)
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Quote: “of the $20 billion backlog, two-thirds is investment-grade (Microsoft and NVIDIA, with $4 trillion of credit standing behind them), while the lower-credit portion tends to come with higher prepayments”
How we checked this
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Additional evidence
confirms IREN Ltd (IREN) Q1 2027 Earnings Call Highlights: AI Cloud Revenue Nearly Triples to $200 ... - Yahoo Finance Australia
Quote: “of the $20 billion backlog, two-thirds is investment-grade (Microsoft and NVIDIA, with $4 trillion of credit standing behind them), while the lower-credit portion tends to come with higher prepayments”