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← IREN
Fri, May 29, 2026

IREN secures $3.6 billion GPU financing for the Microsoft contract

Source file ↗

Key points

  • $3.6 billion aggregate financing via subsidiary IE US Hardware 3 LLC, to partially fund GPU infrastructure for the Microsoft Childress contract
  • ~$1.5 billion delayed draw term loan facility (Goldman Sachs Bank USA and JPMorgan Chase Bank as joint lead arrangers)
  • $2.1 billion of 5.96% senior notes due December 31, 2031
  • Availability period through May 29, 2027; maturity December 31, 2031