A fund under Blue Owl Capital has led a $2.4 billion debt financing to provide financial support for cloud computing service provider Iren Ltd. This financing consists of a $1.2 billion senior secured term loan and a $1.2 billion senior secured note, with an interest rate of 9% and a term of two and a half years. The funds will be used for the expansion of computing power at Iren's Mackenzie data center campus in British Columbia, Canada, specifically to procure NVIDIA Blackwell Ultra GPUs to enhance computing capabilities.