IREN Secures $3.65 Billion A-Rated Financing for Microsoft AI Infrastructure on Monday

IREN3.26%
MSFT3.44%
BTC-3.2%
According to IREN's official release, the bitcoin miner-turned-AI-infrastructure provider secured $3.65 billion in investment-grade financing on Monday, backed by its cloud computing contract with Microsoft. The facility received A ratings from Fitch and A(low) from DBRS, which IREN claims are the highest publicly rated investment-grade GPU financing announced. The financing consists of a $2.1 billion U.S. private placement and a $1.55 billion delayed-draw loan at a blended borrowing cost of 6%, together with Microsoft prepayments covering roughly 96% of the $5.81 billion in GPU capital tied to the contract.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments