Five-year AI cloud contract at $22M/MW with 90% prepayment
Company: IREN
The claim, verbatim
Since quarter-end, IREN signed a five-year contract at $22 million per megawatt, with the customer prepaying 90% of the related GPU capital costs.
Source (primary)
Cloudflare Soars 20%, IREN Surges 15% as Earnings Beats Spark AI Cloud Rebound; CoreWeave Jumps 10% - 24/7 Wall St. (-, news_article)
View cached copy (2026-11-07)Live source ↗Archive.org ↗
Quote: “Since quarter-end, the company has signed a five-year contract at $22 million per megawatt, with the customer prepaying 90% of the related GPU capital costs.”
How we checked this
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Additional evidence
confirms Cloudflare Soars 20%, IREN Surges 15% as Earnings Beats Spark AI Cloud Rebound; CoreWeave Jumps 10% - 24/7 Wall St.
Quote: “Since quarter-end, the company has signed a five-year contract at $22 million per megawatt, with the customer prepaying 90% of the related GPU capital costs.”