IREN and Wingspire Equipment Finance Complete $363 Million Financing for High-Density AI Compute Assets
Business Wire•28/10/2026•09:17 ET
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Key Highlights
- ➤IREN completes $363 million equipment financing for AI compute infrastructure
- ➤Transaction refinances revenue-generating GPU servers and networking systems
- ➤Six-lender group led by Eldridge Capital Management and Silver Point Capital
- ➤Financing converts deployed equipment investments into liquidity for continued growth
Expert Statements
Dylan Potter, Vice President of Business Development at Wingspire Equipment Finance
“IREN was looking to unlock capital from deployed AI infrastructure while preserving flexibility around its customer relationships”
Dylan Potter, Vice President of Business Development at Wingspire Equipment Finance
“We structured a tailored, asset-backed solution aligned with the company’s operating model and stayed closely engaged with the IREN team throughout the process to execute a complex financing of this scale.”
Harrison Smith, Managing Director at Eldridge Capital Management
“This equipment finance facility will support IREN's sustained trajectory of expansion as it scales to meet future customer demand. Eldridge is proud to provide an anchor commitment here, reflecting our commitment to backing infrastructure that will define the future of AI compute”
IREN and Wingspire Equipment Finance Complete $363 Million Financing for High-Density AI Compute Assets
Wingspire Equipment Finance and IREN Limited (NASDAQ: IREN) (“IREN”) announced the closing of a $363 million equipment financing transaction supporting IREN’s AI compute business.
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