Will IREN's $9.3B Funding Cover Its 150K GPU Expansion Costs?

Key Takeaways IREN secured $9.3B funding to support GPU purchases and AI data center expansion plans.IREN's Microsoft contract capex is 95% funded via $3.6B financing and $1.9B prepayments.Remaining funding will align with contracts, but deployment delays could impact returns.IREN Limited (IREN) has secured about $9.3 billion worth of funding over the past eight months through customer prepayments, convertible notes, graphics processing units (GPU) leasing and financing. The company aims to use this capital ...