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
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
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.”