IREN Completes $363 Million Equipment Financing to Expand AI Compute Business

TechFlow, Oct. 28 — According to Investing.com, Nasdaq-listed IREN Limited (IREN) has completed a $363 million equipment financing with Wingspire Equipment Finance to refinance GPU servers and networking systems deployed in data centers. Wingspire arranged the transaction with six lenders, with Eldridge Capital Management and Silver Point Capital as lead funders. The financing is secured by the related equipment and supported by multi-year customer contracts. The transaction allowed IREN to recover an undisclosed percentage of the original equipment cost.

Source: TechFlow