Customer prepayments cover up to 90% of GPU capex
Company: IREN
The claim, verbatim
Customer prepayments can cover up to 90% of GPU capital expenditures.
Source (primary)
Iren: 3 Key Takeaways for Long-Term Investors - Yahoo Finance (-, news_article)
View cached copy (2026-11-07)Live source ↗Archive.org ↗
Quote: “Customer prepayments can cover up to 90% of graphics processing unit (GPU) capital expenditures (CapEx)”
How we checked this
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Additional evidence
confirms Iren: 3 Key Takeaways for Long-Term Investors - Yahoo Finance
Quote: “Customer prepayments can cover up to 90% of graphics processing unit (GPU) capital expenditures (CapEx)”