Customer prepayments cover GPU capital expenditure
Company: IREN
The claim, verbatim
Customer prepayments cover approximately 45% of associated GPU capital expenditure, reducing net funding requirement
Source (primary)
IREN stock surges 9.11% as 85% of $4B ARR target is under contract - scanx.trade (-, news_article)
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Quote: “customer prepayments covering about 45% of the associated GPU capital expenditure, thereby reducing the company's net funding requirement”
How we checked this
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Additional evidence
confirms IREN stock surges 9.11% as 85% of $4B ARR target is under contract - scanx.trade
Quote: “customer prepayments covering about 45% of the associated GPU capital expenditure, thereby reducing the company's net funding requirement”