Customer prepayment coverage of GPU capex
Company: IREN
The claim, verbatim
Customer prepayments have covered 45% to 55% of recent GPU capital expenditures
Source (primary)
IREN CEO addresses investor concerns over $25B–$30B capex plan as company pivots from Bitcoin mining to AI - cryptobriefing.com (-, news_article)
View cached copy (2026-09-05)Live source ↗Archive.org ↗
Quote: “Customer prepayments alone have covered 45% to 55% of recent GPU capital expenditures.”
How we checked this
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Additional evidence
confirms IREN CEO addresses investor concerns over $25B–$30B capex plan as company pivots from Bitcoin mining to AI - cryptobriefing.com
Quote: “Customer prepayments alone have covered 45% to 55% of recent GPU capital expenditures.”