IREN Secures $363 Million Equipment Financing to Expand AI Computing Business

BlockBeats news, October 28: IREN Limited has completed a $363 million equipment financing transaction with Wingspire Equipment Finance to support the development of its AI computing business. This equipment financing agreement refinances AI computing infrastructure, covering GPU servers and network systems deployed in data center environments. Wingspire Equipment Finance, together with six lending institutions, jointly completed this transaction, with Eldridge Capital Management and Silver Point Capital as the primary funders.

The financing structure is secured by the relevant equipment and supported by multi-year customer contracts. This transaction enabled IREN to recover funds equivalent to a certain proportion of the original equipment cost.