finance.yahoo.com

IREN Gains 4% After $2.4B Blue Owl-Led GPU Financing

IREN (Iris Energy) logoIREN (Iris Energy)
Sig3.28Sen+3.46Env0.00Soc0.00Gov+0.08
Cipher Mining logoCipher Mining
Sig2.03Sen+2.15Env0.00Soc0.00Gov+0.10
Blue Owl Capital logoBlue Owl Capital
Sig2.84Sen+3.55Env0.00Soc0.00Gov0.00

IREN shares rose 4% after securing a $2.4 billion senior secured GPU financing package led by Blue Owl Capital at a 9% coupon. Proceeds will fund graphics processing unit purchases for its AI cloud business, supporting its shift away from Bitcoin mining. A comparison with Cipher Mining’s $810 million, 6% bond highlights cheaper data-center debt versus equipment-level GPU funding.

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