IREN Limited completed a $363 million equipment financing

According to a report by Investing.com, the Nasdaq-listed company IREN Limited (IREN) has completed a $363 million equipment financing deal with Wingspire Equipment Finance for refinancing GPU servers and network systems deployed in data centers.

Wingspire completed the transaction in conjunction with six lending institutions, with Eldridge Capital Management and Silver Point Capital as the main investors. The financing is secured by the related equipment and supported by long-term customer contracts, allowing IREN to recover a certain percentage of the original cost of the equipment, although the specific percentage has not been disclosed.