# Iren, 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.

*semiconductor, genai · news · 2026-05-28 · Australian Financial Review*

## Key points

- Iren borrowed approximately $US3.6 billion to supply computing capacity to Microsoft.
- Iren sold about $US2.1 billion of bonds in a private placement this month.
- Iren secured $US1.5 billion in project finance loans to purchase Nvidia GPUs.
- The Nvidia GPUs funded will specifically be used in a Microsoft Texas data centre.

Iren, 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. Loading... Bloomberg

**Companies:** Microsoft, Iren
**Countries:** Australia, United States

[Read the full story on Australian Financial Review](https://www.afr.com/companies/financial-services/iren-borrows-billions-to-buy-nvidia-chips-for-microsoft-data-centre-20260529-p601u0)

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