Bitcoin mining company IREN announces the completion of a $3.65 billion investment-grade GPU financing to support its AI Cloud contract signed with Microsoft. The financing received Fitch A and DBRS A(low) ratings, including $2.1 billion in U.S. private placement bonds and $1.55 billion in delayed draw term loans, which the company claims is currently the highest publicly disclosed rated investment-grade GPU financing project. The financing is collateralized by GPU assets and related contract cash flows, covering approximately 96% of Microsoft's project GPU capital expenditures.

IREN1.9%
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