GPU financing for Microsoft contract
Company: IREN
The claim, verbatim
IREN has secured $3.6 billion in GPU financing for a Microsoft contract at an interest rate of less than 6% per annum, which together with a $1.9 billion Microsoft prepayment covers 95% of GPU-related capital expenditures.
Source (primary)
iren 8-K exhibit (a991irenreportsq2fy26res.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-09-20)Live source ↗
Quote: “$3.6bn GPU financing secured for Microsoft contract. Interest rate of <6% p.a. Together with Microsoft prepayment ($1.9bn) covers 95% of GPU-related capex”
How we checked this
Checked on September 24, 2026. The cited source supports every part of this claim.
The release's highlights state the $3.6bn GPU financing, the sub-6% interest rate, the $1.9bn Microsoft prepayment, and the 95% capex coverage. A footnote notes the financing is still subject to definitive documentation and conditions precedent.
Confirmed in the source:
- IREN secured $3.6bn of GPU financing for its Microsoft contract
- The financing carries an interest rate of less than 6% per annum
- Microsoft is providing a $1.9bn prepayment
- Together, the financing and the Microsoft prepayment cover 95% of GPU-related capex
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1878848/000187884826000014/a991irenreportsq2fy26res.htm) in full (28,428 characters, retrieved September 20, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms iren 8-K exhibit (a991irenreportsq2fy26res.htm)
Quote: “$3.6bn GPU financing secured for Microsoft contract. Interest rate of <6% p.a. Together with Microsoft prepayment ($1.9bn) covers 95% of GPU-related capex”