# IREN and Wingspire Complete $363 Million AI Compute Financing By John Kim Canonical URL: https://www.tokenpost.com/news/business/42805 Published: 2026-10-28T18:11:38.000Z Updated: 2026-10-28T18:11:38.000Z Section: Business > IREN is expanding its AI cloud business and has a $9.7 billion agreement with Microsoft to deploy AI cloud infrastructure. IREN Limited and Wingspire Equipment Finance finalized a $363 million deal involving equipment for high-density AI computing, as IREN grows its AI cloud business. IREN has a $9.7 billion agreement with Microsoft to deploy AI cloud infrastructure. The company has also disclosed about $3.6 billion in GPU financing for its Microsoft contract and $2.4 billion at a fixed 9% rate for its Mackenzie expansion, detailed in [earlier coverage of IREN’s AI financing](). ## Links in this article - [earlier coverage of IREN’s AI financing](https://www.tokenpost.com/news/technology/30762)