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via The Block · By The Block Editorial

IREN lands $3.65 billion A-rated financing for Microsoft AI buildout

TB
The Block Editorial
(02:25 PM UTC)
1 min read
EW
Updated byEmily Watson

Bitcoin miner-turned-AI-infrastructure provider IREN secured $3.65 billion in financing backed by its cloud computing contract with Microsoft on Monday.

According to a release, the financing facility received investment-grade ratings of A from Fitch and A(low) for DBRS, which the company claims is "the highest publicly rated investment-grade GPU financing announced and the first GPU financing in…

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