IREN GPU financing cost by customer credit: Microsoft-contract financing vs a non-investment-grade customer facility (FY26 results)
6.0% vs 9.0%observed
| Value kind | observed — Reported measurements, counts, and specifications keep the precision and scope stated by their source; an exact specification is not treated as a range. |
|---|---|
| Scope | $3.6B investment-grade GPU financing for the Microsoft contract at a 6.0% weighted average rate across US private placement and DDTL, excluding fees; with customer prepayments it funds 96% of the associated GPU capex. $2.4B facility led by Blue Owl and PIMCO at 9.0% fixed for the Mackenzie air-cooled expansion serving an unnamed non-investment-grade customer, funding 90% of associated GPU capex (part of $2.8B of such financings). |
| As of | 2026-08 |
| Source | IREN, FY26 results release, 2026-08-27 · Financing highlights: $3.6bn investment grade GPU financing for Microsoft contract at 6.0%; $2.8bn GPU financings fund 90% of associated GPU capex, including $2.4bn at a 9.0% fixed rate |
| Review | checking…review by 2027-02-28 · fast cadence |
| Recorded changes | last 2026-10-12 |
| Claim id | iren-gpu-financing-rate-by-customer-credit-2026 |
Where the guide uses it
← Full numbers register — every date-stamped figure in the guide, with revision history.