IREN completes $363 million equipment financing to expand AI compute business

According to TechFlow, on October 28, Investing.com reported that Nasdaq-listed IREN Limited (IREN) has completed a $363 million equipment financing deal with Wingspire Equipment Finance to refinance GPU servers and networking systems deployed in data centers. Wingspire partnered with six lending institutions to complete the transaction, with Eldridge Capital Management and Silver Point Capital serving as the primary funders. The financing is secured by the relevant equipment and supported by multi-year customer contracts. The transaction enabled IREN to recover a portion of the equipment's original cost, though the specific percentage was not disclosed.