IREN CEO States Debt and Prepayments Can Fund Most of FY27 Capex
IREN (NASDAQ: IREN) co-founder and co-CEO Dan Roberts stated that the company's projected $25-$30 billion in capital expenditures for fiscal year 2027 will not require significant equity financing. Instead, customer prepayments are expected to cover about half of GPU-related capex costs, while lenders can fund most of the remainder. IREN currently holds approximately $14 billion in cash and committed financing sources such as GPU funding and prepayments. The company aims to secure an additional $8 billion through similar means before turning to data-center financing or operating cash flow for the remaining needs. Roberts noted that preliminary discussions about borrowing against unencumbered data centers are ongoing, but no transactions have been finalized yet.
Tickers: $IREN
Topics: AI infrastructure capex funding debt financing prepayments