IREN and Wingspire Equipment Finance Complete $363M Financing for High-Density AI Compute Assets
aiinsider ·
IREN and Wingspire Equipment Finance have successfully closed a $363 million equipment financing transaction to support IREN's AI compute business. This deal refinances recently acquired, revenue-generating GPU servers and networking systems deployed in high-density data centers. The financing was executed with a six-lender group led by significant commitments from Eldridge Capital Management and Silver Point Capital. The structure is secured principally by the financed equipment and supported by multi-year customer contracts. By converting existing equipment investments into liquidity, the transaction returns substantial capital to IREN for redeployment toward continued growth. Dylan Potter of Wingspire highlighted that the tailored solution unlocked capital while preserving flexibility around customer relationships. Harrison Smith of Eldridge noted that the anchor commitment reflects their backing of infrastructure defining the future of AI compute.
aiinsider