New Cloud stock plunged over 20% in a week; IREN (IREN.US) CEO moves to reassure market: data centers carry zero debt, and under the Microsoft contract, 96% of GPU costs are covered by prepayments and loans.

Zhitong Finance APP has learned that Daniel Roberts, Co-CEO of IREN Limited (IREN.US), stated that the company's data centers carry no debt. Roberts made this response in reaction to investor concerns about financing for the expansion of artificial intelligence (AI) cloud service providers.