AI infrastructure capital spending target for fiscal 2027
Company: IREN
The claim, verbatim
Targeting between $25 billion and $30 billion of capital spending in fiscal 2027 as it shifts focus toward AI cloud infrastructure
Source (primary)
IREN's $30 Billion AI Bet Is Getting Real - GuruFocus (-, news_article)
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Quote: “The company is targeting between $25 billion and $30 billion of capital spending in fiscal 2027 as it rapidly shifts its focus toward AI cloud infrastructure.”
How we checked this
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Additional evidence
confirms IREN's $30 Billion AI Bet Is Getting Real - GuruFocus
Quote: “The company is targeting between $25 billion and $30 billion of capital spending in fiscal 2027 as it rapidly shifts its focus toward AI cloud infrastructure.”