News
02 June 2026

IREN closes $3.65bn US GPU financing

In:
Telecoms and Communications
Region:
Americas

IREN has closed a $3.65 billion investment-grade financing facility in the US to support GPU capex for its AI Cloud contract with Microsoft. The facility is secured against the GPUs and associated contracted cash flows. The financing comprises a $2.1 billion US private placement at a fixed rate...

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