IREN and Wingspire close $363 million financing on AI compute gear
Photo: Crypto Briefing
The deal refinances GPU servers and networking equipment IREN already owns, freeing up capital for further AI Cloud growth IREN Limited (NASDAQ: IREN) has closed a $363 million equipment financing deal with Wingspire Equipment Finance. The transaction, completed on October 28, 2026, is backed by high-density AI computing assets the company already has up and running. The money is not for buying new hardware. It refinances GPU servers and networking systems that are already earning revenue. The financing was arranged through a syndicate of six lenders. Eldridge Capital Management and Silver Point Capital led the group.
Source: Crypto Briefing
