Faster global financial news!
IREN secures $2.4 billion GPU financing led by Blue Owl, shares rise 4%; Cipher Digital up 2%.
IREN (NASDAQ:IREN) secured $2.4 billion in senior secured financing led by Blue Owl Capital to procure Graphics Processing Units (GPUs) for its AI cloud business. The financing package includes a term loan and senior secured notes, both carrying a 9% coupon rate. This news propelled IREN's stock up 4% to $43.51 in Friday afternoon trading, validating its transition from Bitcoin mining to an AI cloud business. Concurrently, Cipher Digital (NASDAQ:CIFR), another mining company transitioning to high-performance computing, saw its shares rise 2% to $17.68.
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
Previous: U.S. stocks saw a volatile week, falling before recovering, with major indices showing mixed performance; Bitcoin and cryptocurrencies rose as the dollar weakened.
|
Next: Zscaler (ZS) stock fell 4% after its FY2027 revenue and annual recurring revenue (ARR) growth guidance of 16.6%-17.5% came in significantly below the FY2026 growth rate of 25%.
24H Trending
-
1
Oracle, Meta, and SpaceX credit default swaps (CDS) hit all-time highs, as the market anticipates a surge in AI-related bond issuance in Q4.
-
2
Bain Survey: Chinese Consumers Prioritize Technology in Car Purchases, While Europeans and Americans Still Value Price; Western Automakers Face Dual Pressure
-
3
Media reports: Amazon Web Services (AWS) has billions of dollars worth of NVIDIA chips backlogged in its warehouses due to power shortages, leading to negative free cash flow.
-
4
Multi-party talks between the US and Ukraine were held in Oslo, Norway, with the Finnish President stating "real progress has been made." Russia hopes to meet with the US envoy on the 21st.
-
5
Liu Jun, President of Industrial and Commercial Bank of China (ICBC): Commercial Banks Bear Heavier Financial and Legal Responsibilities Than Central Banks in AI Deployment
-
6
Anthropic pitches AI safety bill that would require judge's permission to block models
-
7
Anthropic reportedly faces a compute shortage as cloud giants view it as a competitor, plans November IPO.
-
8
NextDC's data center project in Australia faces power supply delays due to resident protests, leading to a more than one-third reduction in its FY2027 earnings guidance and a 45% plunge in its stock price.
-
9
King Charles III of the UK praised Oman's peaceful efforts in reopening the Strait of Hormuz.
-
10
Hansoh Pharmaceutical inks up to $15B drug deal with Roche, China's innovative drug out-licensing hits $130B
Markets Today
Recommended Reading
Hot Topics
Svmuu focuses on blockchain industry trends and cutting-edge cryptocurrency news, while also covering real-time market data and in-depth analysis of the Hong Kong, U.S., and foreign exchange markets. Here, you can not only access professional 24/7 news updates and accurate market data, but also utilize practical investment tools to help you capitalize on opportunities in both digital assets and traditional financial markets. Whether you are a blockchain enthusiast or an investor in Hong Kong, U.S., or foreign exchange markets, we provide efficient and timely information services to empower your investment decisions.
- User Agreement
- Privacy Policy
- Contact Us
- Business Partnerships
- Disclaimer
- Content Statement
- About Us
- Sitemap
Coming Soon!
