Capex guidance lowered to ~$15B for remainder of fiscal year
Company: IREN
The claim, verbatim
IREN lowered its projected capital investment for the balance of the fiscal year to around $15 billion, saying financing conditions had tightened.
Source (primary)
IREN's $4 billion AI target hits an unexpected delay - GuruFocus (-, news_article)
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Quote: “The business also lowered its projected capital investment for the balance of the fiscal year to around $15 billion, saying financing circumstances had become more stringent.”
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Additional evidence
confirms IREN's $4 billion AI target hits an unexpected delay - GuruFocus
Quote: “The business also lowered its projected capital investment for the balance of the fiscal year to around $15 billion, saying financing circumstances had become more stringent.”