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semiconductor / news / 2026-05-28 / Australian Financial Review

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.

Iren borrowed approximately $US3.6 billion to supply computing capacity to Microsoft.

KEY POINTS

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

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