By Maham Fatima
Publication Date: 2026-06-13 18:38:00
IREN Limited (NASDAQ:IREN) is one of the best young stocks with the highest upside potential. On June 1, IREN announced that it has closed a $3.65 billion investment-grade GPU financing facility to support the delivery of its AI cloud contract with Microsoft. The financing is designed to fund large-scale GPU capital expenditures tied to the company’s expanding AI infrastructure buildout.
The facility is anchored by the Microsoft-backed contract and structured through a combination of a US private placement and a delayed draw term loan, providing broad institutional participation and investment-grade credit ratings. It covers approximately 96% of the GPU capital expenditure required for the project and is secured against the underlying GPUs and contracted cash flows.
IREN Limited (NASDAQ:IREN) stated that the financing strengthens its capital structure as it scales its AI cloud capacity expansion plans toward 480 MW by the end of 2026. The transaction also reflects…