AIBullishThe Block · 3h ago7/10
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IREN lands $3.65 billion A-rated financing for Microsoft AI buildout
IREN secured a $3.65 billion A-rated debt financing package to fund GPU infrastructure for Microsoft's AI buildout, with the capital covering approximately 96% of required spending under the Microsoft contract. This move demonstrates how infrastructure providers are leveraging institutional debt markets to scale AI compute capacity amid surging demand.
🏢 Microsoft