Customer prepayments covering GPU capex
Company: IREN
The claim, verbatim
Customer prepayments can cover about half of GPU capital expenditures, with lenders funding most of the rest
Source (primary)
IREN Climbs 4% as Co-CEO Says Debt and Prepayments Can Fund FY27 Capex, TeraWulf Slips - Yahoo Finance (-, news_article)
View cached copy (2026-09-01)Live source ↗
Quote: “Customer prepayments can cover about half the GPU capex. Lenders can fund most of the rest.”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The article quotes co-CEO Daniel Roberts saying customer prepayments can cover about half the GPU capex and lenders can fund most of the rest.
Confirmed in the source:
- Customer prepayments can cover about half of IREN's GPU capital expenditures
- Lenders can fund most of the remaining GPU capital expenditures
What we did: Read our cached copy of the publisher (https://finance.yahoo.com/markets/stocks/articles/iren-climbs-4-co-ceo-174735195.html) in full (11,896 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms IREN Climbs 4% as Co-CEO Says Debt and Prepayments Can Fund FY27 Capex, TeraWulf Slips - Yahoo Finance
Quote: “Customer prepayments can cover about half the GPU capex. Lenders can fund most of the rest.”
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.”