Blue Owl-managed funds lead $2.4 billion AI compute equipment financing for IREN
IREN•Blue Owl-managed funds lead $2.4 billion financing for IREN
Funds managed by Blue Owl led a $2.4 billion compute equipment financing for IREN to fund AI infrastructure purchases.
- The facility includes a $1.2 billion senior secured term loan, alongside $1.2 billion of senior secured notes.
- Proceeds are earmarked for air-cooled NVIDIA accelerated computing infrastructure, including NVIDIA Blackwell Ultra GPUs, for IREN’s Mackenzie campus in Canada.
- The structure allows tranche-funded equipment purchases over a defined draw period, aligning funding with hardware delivery, installation, and commissioning.
