IREN Limited has closed a $3.65 billion investment-grade GPU financing facility to support its AI Cloud contract with Microsoft. The financing, rated A and A(low) by Fitch and DBRS, includes a $2.10 billion U.S. private placement and a $1.55 billion delayed draw term loan, funding 96% of the $5.81 billion GPU capital expenditure for the Microsoft contract. This deal marks the highest publicly rated GPU financing and strengthens IREN's capital structure as it expands its AI Cloud capacity to 480MW by the end of 2026. Goldman Sachs and J.P. Morgan led the financing, which benefits from Microsoft's offtake and includes interest rate hedges to manage costs.
IREN Limited announced an 800MW data center campus in Bundey, South Australia, set to begin energization in 2028. The project secures a high-voltage transmission connection and submarine fiber links to key Asia-Pacific markets, addressing growing AI ...
BE Networks and IREN Limited are collaborating to use NVIDIA DSX Air for simulating and validating the network architecture of IREN's upcoming deployment of over 50,000 NVIDIA Blackwell Ultra GPUs. This high-fidelity digital twin environment allows t...
