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

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

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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