$IREN just signed a 5-year deal at ~$22M per MW with the customer prepaying 90% of GPU costs compared with 20% on its $MSFT tranches.
If $CRWV and $NBIS can secure similar terms then it could take a lot of pressure off expensive debt financing that's been weighing on neoclouds.
If $CRWV and $NBIS can secure similar terms then it could take a lot of pressure off expensive debt financing that's been weighing on neoclouds.
