GPU financing facility closed ($6.5B)
Company: IREN
The claim, verbatim
IREN closed $6.5 billion of GPU financing over three months in August 2026, comprised of $3.6 billion of investment-grade funding at 6% interest rate tied to the Microsoft contract and $2.8 billion of non-investment-grade equipment financing at 9% fixed rate.
Source (primary)
IREN Sinks 4% as Rising Yields Reverse Monday's Rally, TeraWulf Falls 4%, Cipher Mining Drops 6% - 24/7 Wall St. (-, news_article)
View cached copy (2026-09-02)Live source ↗Archive.org ↗
Quote: “The miner made the mechanism concrete on August 27 when it disclosed $6.5 billion of GPU financing closed over three months, split between $3.6 billion of investment-grade funding at a 6% interest rate tied to the Microsoft contract and $2.8 billion of non-investment-grade equipment financing at a 9% fixed rate.”
How we checked this
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Additional evidence
confirms IREN Sinks 4% as Rising Yields Reverse Monday's Rally, TeraWulf Falls 4%, Cipher Mining Drops 6% - 24/7 Wall St.
Quote: “The miner made the mechanism concrete on August 27 when it disclosed $6.5 billion of GPU financing closed over three months, split between $3.6 billion of investment-grade funding at a 6% interest rate tied to the Microsoft contract and $2.8 billion of non-investment-grade equipment financing at a 9% fixed rate.”