IREN Limited ($IREN) said it has closed a $3.65 billion, investment-grade GPU financing facility designed to fund a major expansion of its AI cloud operations tied to an agreement with Microsoft ($MSFT), underscoring how former Bitcoin mining operators are increasingly repositioning themselves as power- and infrastructure-backed AI compute providers.
The company, which originated as a Bitcoin (BTC) mining data center operator, framed the financing as a key milestone in executing its AI cloud buildout. Shares of IREN ended the session at $65.33, up 2.82% on the day, as investors digested both… Read more







