Emily GraffeoMay 29, 2026 – 4.34amIren, the Australian company that builds and operates data centres for training artificial intelligence models, borrowed about $US3.6 billion ($5 billion) to provide computing capacity to Microsoft.The Australian company this month sold about $US2.1 billion of bonds in a private placement and lined up $US1.5 billion worth of project finance loans to help fund a purchase of Nvidia graphics processing units, known as GPUs, that will be used by Microsoft in a Texas data centre, according to a person with knowledge of the matter.BloombergSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles