Capex for rest of fiscal year lowered to ~$15B
Company: IREN
The claim, verbatim
IREN lowered its projected capital investment for the balance of the fiscal year to around $15 billion, citing tighter financing conditions.
Source (primary)
IREN's $4 billion AI target hits an unexpected delay - GuruFocus (-, news_article)
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Quote: “lowered its projected capital investment for the balance of the fiscal year to around $15 billion”
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Additional evidence
confirms IREN's $4 billion AI target hits an unexpected delay - GuruFocus
Quote: “lowered its projected capital investment for the balance of the fiscal year to around $15 billion”