$3.65 billion investment-grade debt financing
Company: IREN
The claim, verbatim
IREN secured a $3.65 billion investment-grade debt package backed by the Microsoft contract, covering almost all GPU spending tied to the deal
Source (primary)
IREN Jumps 6% but Then Gives Up Gains as Microsoft Accepts Horizon 1; TeraWulf Ticks Up, Cipher Digital Drops 5% - 24/7 Wall St. (-, news_article)
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Quote: “IREN has lined up a $3.65 billion debt package backed by the Microsoft contract, rated investment grade, covering almost all of the GPU spending tied to the deal”
How we checked this
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Additional evidence
confirms IREN Jumps 6% but Then Gives Up Gains as Microsoft Accepts Horizon 1; TeraWulf Ticks Up, Cipher Digital Drops 5% - 24/7 Wall St.
Quote: “IREN has lined up a $3.65 billion debt package backed by the Microsoft contract, rated investment grade, covering almost all of the GPU spending tied to the deal”