The debt package helps IREN cover about 96% of the GPU spending needed to fulfill the Microsoft contract.

The debt package helps IREN cover about 96% of the GPU spending needed to fulfill the Microsoft contract.

IREN expands its data center, AI operations to Australia with new deal. Bernstein shifts targets on three bitcoin miners. Bitcoin price slides.

The announcement comes days after IREN secured $3.65 billion in financing to support its Microsoft AI contract.