$6B funding gap to be bridged by asset-backed financing
Company: IREN
The claim, verbatim
The remaining $6 billion of planned FY2027 spending, which is for expansion beyond the funded $4B ARR program, still needs funding. IREN expects asset-backed financing on its unencumbered data centers to help bridge the gap.
Source (primary)
IREN's $4B Revenue Goal Delayed: Is the Stock Losing Its Appeal? - TradingView (-, news_article)
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Quote: “The remaining $6 billion still needs funding, subject to market conditions... The company has valuable unencumbered data centers and expects asset-backed financing to help bridge the gap.”
How we checked this
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Additional evidence
confirms IREN's $4B Revenue Goal Delayed: Is the Stock Losing Its Appeal? - TradingView
Quote: “The remaining $6 billion still needs funding, subject to market conditions... The company has valuable unencumbered data centers and expects asset-backed financing to help bridge the gap.”