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Blue Owl Capital leads a $2.4 billion debt financing for IREN to purchase Nvidia Blackwell Ultra GPUs.
This dedicated credit line directly funds GPU procurement capacity for IREN’s AI campus buildout, signaling strong lender confidence in neocloud compute supply chains.
Trade pressSlicast · August 28, 2026 at 20:51 UTC · US · Source: Crypto Briefing
importance 85Blue Owl Capital has led a $2.4 billion debt deal for cloud-computing provider Iren Ltd., with proceeds designated to purchase Nvidia Blackwell Ultra GPUs for a data-center campus in Canada, Bloomberg reported.
The financing consists of equal portions of a $1.2 billion senior-secured term loan and $1.2 billion in senior-secured notes. Both tranches carry a 9% interest rate and mature two and a half years after funding, according to a filing. The structure allows Iren to purchase the equipment in stages over a defined period. Pacific Investment Management Co. also backed the transaction.
The deal adds to the flow of private credit into AI infrastructure as data-center operators secure financing for Nvidia’s latest-generation systems.