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Yuvi.
$IREN 合同已经签下，为什么上线仍是核心变量？
IREN披露AI云季度收入2亿美元，并调整部分上线时间表。机房供电、设备到货和客户验收决定何时计费，资本开支可能先行。若按新节点投产且预付款覆盖投入，执行风险下降。若交付再次延迟，年化合同数字需要更大折扣。
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