2 weeks ago
IREN (IREN) jumped 11% successful pre-market trading to $43 aft the institution announced it has doubled its AI Cloud capableness to 23,000 GPUs, lifting its annualized run-rate gross people to much than $500 cardinal by Q1 of 2026.
The institution invested astir $674 cardinal successful 7,100 NVIDIA B300s, 4,200 NVIDIA B200s and 1,100 AMD MI350Xs. Deliveries volition beryllium staged implicit the coming months astatine IREN’s Prince George campus, which alongside Texas facilities, tin yet big implicit 60,000 Blackwell GPUs.
The expanded fleet present includes 1,900 NVIDIA H100s and H200s, 19,100 NVIDIA B200s and B300s, 1,200 NVIDIA GB300s and 1,100 AMD MI350Xs. The summation of AMD hardware broadens IREN’s offering and lawsuit reach.
“As planetary request for compute accelerates, customers are progressively seeking partners who tin present standard quickly,” said Co-CEO Daniel Roberts. “Doubling our fleet to much than 23,000 GPUs successful conscionable a fewer months highlights the spot of our vertically integrated platform.”
IREN is simultaneously moving connected financing initiatives to enactment maturation portion mitigating immoderate interaction connected its 50 EH/s bitcoin (BTC) mining operations.
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