Blue Owl Capital has led a $2.4 billion financing deal for IREN Limited to fund the purchase of NVIDIA AI computing equipment, including Blackwell Ultra GPUs, for its Mackenzie data center in Canada. The financing includes a $1.2 billion senior secured term loan and $1.2 billion in senior secured notes, structured to support phased equipment delivery. This deal enables IREN to expand its AI Cloud infrastructure, backed by a global data center pipeline exceeding 5GW, to meet growing AI compute demand. Blue Owl leverages its extensive data center experience to tailor financing solutions for AI infrastructure, aiming to provide strong risk-adjusted returns for investors.
IREN Limited's stock fell sharply after reporting a $684 million loss, mainly due to non-cash write-downs from its Bitcoin mining hardware. Despite this, Bernstein analyst Gautam Chhugani set a high price target of $100, implying about 182% upside, b...
Wetour Robotics shares plunged over 50% due to fears of dilution from a new share offering program, despite a recent share consolidation. Vistance Networks dropped nearly 48%, mainly reflecting an ex-distribution adjustment after a $5 special cash pa...
IREN Limited reported a strong quarter with its AI cloud services revenue more than doubling quarter-over-quarter, driven by $2.8 billion in new AI cloud contracts. The company raised its annual recurring revenue guidance from $3.7 billion to over $4...
IREN Limited reported a $638.8 million impairment on older Bitcoin mining equipment, causing its stock to drop 13% and triggering a selloff among AI data center peers like Applied Digital and TeraWulf, which fell around 7%. Despite strong revenue gro...
IREN announced $4 billion in annual recurring revenue (ARR) from AI cloud contracts, far exceeding its current revenue of $137.2 million for fiscal Q4. Despite this, shares dropped nearly 10% after the company reported a net loss of $684 million, inc...
