IREN Borrows $363 Million Against GPU Fleet as AI Borrowing Costs Weigh on Neocloud Stocks — BigGo Finance

IREN (IREN) raised $363M by refinancing GPU servers and networking gear, backed by the equipment and multi-year customer contracts. The funds will support its AI cloud services expansion. IREN shares rose 0.17% on the news. Lenders include Eldridge Capital Management and Silver Point Capital.

IREN Limited (NASDAQ: IREN) closed a $363 million equipment financing deal with Wingspire Equipment Finance, backed by its AI computing assets. The deal refinances existing GPU servers and networking systems, with six lenders led by Eldridge Capital and Silver Point. IREN has secured over $6 billion in financing this year, including a $3.65 billion facility with Microsoft and a $2.4 billion facility led by Blue Owl.

IREN and Wingspire Equipment Finance closed a $363M financing deal for AI compute infrastructure. The transaction, led by Eldridge and Silver Point, refinanced GPU servers and networking systems, returning significant capital to IREN. The financing is secured by the equipment and supported by multi-year contracts.

IREN Limited (NASDAQ:IREN) secured $363 million in equipment financing from Wingspire Equipment Finance to support its AI compute business. The financing refinanced AI infrastructure and is backed by multi-year customer contracts. IREN is an AI Cloud provider, while Wingspire is part of Blue Owl Capital (NYSE:OBDC).

IREN Limited secured $363M in equipment financing from six lenders to refinance AI compute assets, backed by multi-year customer contracts. The funds will support continued scaling of AI infrastructure, according to the company.

IREN secured $363M in financing from a six-lender group, led by Eldridge Capital and Silver Point Capital, for its AI compute infrastructure. The deal, arranged by Wingspire Equipment Finance, freed up capital for IREN's growth. The financing is backed by the equipment and multi-year customer contracts.