IREN Says $6 Billion of Fiscal 2027 AI Expansion Funding Depends on Markets
Photo: TokenPost
IREN expects to finance $6 billion of its fiscal 2027 expansion spending through sources tied to market conditions, leaving part of a $15 billion buildout dependent on financing availability. IREN, a Bitcoin (BTC) miner and AI cloud provider, said Thursday that about $9 billion of its $15 billion in remaining planned capital spending for fiscal 2027 is covered by cash, committed GPU financing and customer prepayments. Its fiscal 2027 ends in June. The company expects the other $6 billion to come from GPU financing, customer prepayments, data-center financing and other sources.
Source: TokenPost
