IREN Expands AI Cloud to 10.9k GPUs, with NVIDIA Preferred Partner Status and Additional Financing Secured
IREN (NASDAQ: IREN) has achieved NVIDIA Preferred Partner status and expanded its AI Cloud infrastructure with a significant GPU acquisition. The company is purchasing 2.4k NVIDIA GPUs for approximately $168 million, including 1.2k air-cooled B300s and 1.2k liquid-cooled GB300s.
IREN secured $96 million in financing through a 24-month lease at a high single-digit interest rate to fund the GB300s purchase. The expansion will bring IREN's total GPU fleet to 10.9k NVIDIA GPUs. The new GPUs will be installed at the Prince George campus, which is constructing a 10MW liquid-cooled facility capable of supporting over 4.5k GB300s.
IREN (NASDAQ: IREN) ha ottenuto lo status di NVIDIA Preferred Partner e ha ampliato la sua infrastruttura AI Cloud con un importante acquisto di GPU. La societ脿 sta acquistando 2.4k GPU NVIDIA per circa $168 milioni, comprensive di 1.2k B300 raffreddate ad aria e 1.2k GB300 raffreddate a liquido.
IREN ha ottenuto $96 milioni di finanziamento tramite un leasing di 24 mesi a un tasso d鈥檌nteresse a una cifra alta per finanziare l鈥檃cquisto dei GB300. L鈥檈spansione porter脿 la flotta totale di GPU di IREN a 10.9k GPU NVIDIA. Le nuove GPU saranno installate nel campus di Prince George, dove 猫 in costruzione una struttura da 10MW raffreddata a liquido in grado di ospitare oltre 4.5k GB300.
IREN (NASDAQ: IREN) ha conseguido el estatus de NVIDIA Preferred Partner y ha ampliado su infraestructura de AI Cloud con una compra significativa de GPUs. La compa帽铆a est谩 adquiriendo 2.4k GPUs NVIDIA por aproximadamente $168 millones, incluyendo 1.2k B300 refrigeradas por aire y 1.2k GB300 refrigeradas por l铆quido.
IREN asegur贸 $96 millones en financiamiento mediante un arrendamiento de 24 meses a una tasa de inter茅s alta de un solo d铆gito para financiar la compra de los GB300. La expansi贸n elevar谩 la flota total de GPUs de IREN a 10.9k GPUs NVIDIA. Las nuevas GPUs se instalar谩n en el campus de Prince George, que est谩 construyendo una instalaci贸n l铆quida de 10MW capaz de soportar m谩s de 4.5k GB300.
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IREN鞚� GB300 甑Г 鞛愱笀鞙茧 24臧滌洈 毽姢搿� $9600毵�鞚� 鞛愱笀鞚� 頇曤炒頄堨溂氅�, 旮堧Μ電� 雴掛潃 頃� 鞛愲靾� 靾橃鞛呺媹雼�. 鞚措矆 頇曥灔鞙茧 IREN鞚� 齑� GPU 氤挫湢霟夓潃 10.9k NVIDIA GPU臧� 霅╇媹雼�. 鞁犼窚 GPU電� Prince George 旌犿嵓鞀れ棎 靹れ箻霅� 鞓堨爼鞚措┌, 頃措嫻 旌犿嵓鞀れ棎電� 4.5k臧� 鞚挫儊 GB300毳� 靾橃毄頃� 靾� 鞛堧姅 10MW 鞎‰灜 靹る箘臧� 瓯挫劋 欷戩瀰雼堧嫟.
IREN (NASDAQ: IREN) a obtenu le statut de NVIDIA Preferred Partner et a 茅tendu son infrastructure AI Cloud avec un achat important de GPU. La soci茅t茅 ach猫te 2,4k GPU NVIDIA pour environ 168 millions $, comprenant 1,2k B300 refroidis par air et 1,2k GB300 refroidis par liquide.
IREN a obtenu 96 millions $ de financement via un leasing de 24 mois 脿 un taux d鈥檌nt茅r锚t 茅lev茅 脿 un chiffre pour financer l鈥檃chat des GB300. Cette expansion portera la flotte totale de GPU d鈥橧REN 脿 10,9k GPU NVIDIA. Les nouveaux GPU seront install茅s sur le campus de Prince George, qui construit une installation liquide de 10 MW capable d鈥檃ccueillir plus de 4,5k GB300.
IREN (NASDAQ: IREN) hat den Status als NVIDIA Preferred Partner erreicht und seine AI-Cloud-Infrastruktur durch einen gr枚脽eren GPU-Einkauf erweitert. Das Unternehmen erwirbt 2,4k NVIDIA-GPUs f眉r rund $168 Millionen, darunter 1,2k luftgek眉hlte B300 und 1,2k fl眉ssigkeitsgek眉hlte GB300.
IREN sicherte sich $96 Millionen an Finanzierung 眉ber ein 24-monatiges Leasing zu einem hohen einstelligen Zinssatz, um den GB300-Kauf zu finanzieren. Die Erweiterung erh枚ht IRENs gesamte GPU-Flotte auf 10,9k NVIDIA-GPUs. Die neuen GPUs werden auf dem Campus in Prince George installiert, wo eine 10MW fl眉ssigkeitsgek眉hlte Anlage gebaut wird, die mehr als 4,5k GB300 unterst眉tzen kann.
- Secured NVIDIA Preferred Partner status, enhancing strategic positioning
- Expanded GPU fleet to 10.9k units, significantly increasing AI computing capacity
- Obtained $96M in non-dilutive financing for GPU purchase
- Prince George campus demonstrates scalability potential for hundreds of thousands of GPUs
- Significant capital expenditure of $168M for GPU expansion
- New debt obligation with high single-digit interest rate
- Extended deployment timeline as GPUs will be installed over coming months
Insights
IREN expands AI cloud capacity with 2.4k new NVIDIA GPUs, secures Preferred Partner status and $96M financing, strengthening competitive position.
IREN has made a significant move in the AI infrastructure space by securing NVIDIA Preferred Partner status and expanding its GPU fleet to 10.9k NVIDIA GPUs. The company is adding 1.2k air-cooled NVIDIA B300s and 1.2k liquid-cooled NVIDIA GB300s, representing a $168 million investment in next-generation AI computing capacity.
The financing strategy here is particularly noteworthy. IREN has secured $96 million in non-dilutive financing for the GB300 GPUs through a 24-month lease structure covering 100% of the purchase price with single-digit interest rates. This approach preserves equity while rapidly scaling infrastructure. The B300 GPUs are being funded from existing cash reserves, demonstrating financial flexibility.
What makes this expansion technically impressive is the hybrid cooling approach at their Prince George campus. The 10MW liquid-cooled installation currently under construction represents cutting-edge data center design, capable of supporting over 4.5k GB300s. This dual cooling strategy (both air and liquid cooling in the same facility) offers significant thermal efficiency advantages and indicates IREN is positioning for both immediate deployment and future expansion.
The diversification of their GPU fleet is also strategically sound. By maintaining a mix of H100s, H200s, B200s, B300s, and now GB300s, IREN is building a heterogeneous AI computing environment that can accommodate varying workload requirements while remaining at the forefront of performance capabilities. The GB300 systems in particular represent NVIDIA's latest architecture, which delivers substantial performance improvements for AI training and inference workloads.
The 3GW grid-connected power capacity mentioned suggests IREN has secured the necessary power infrastructure to support massive future expansion, potentially to "hundreds of thousands of GPUs" as stated. In the competitive AI infrastructure space, this power capacity represents a significant strategic advantage as energy availability becomes a key constraint in AI data center development.
NEW YORK, Aug. 28, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (鈥淚REN鈥�) today announced it has secured NVIDIA Preferred Partner status and procured an additional 1.2k air-cooled NVIDIA B300s and 1.2k liquid-cooled NVIDIA GB300s for approximately
IREN has secured approximately
The GPUs will be installed over the coming months at IREN鈥檚 Prince George campus, where construction is underway on a 10MW (IT load) liquid-cooled installation capable of supporting more than 4.5k GB300s.
These NVIDIA B300 and GB300 NVL72 Systems will expand IREN鈥檚 AI Cloud over the coming months to approximately 10.9k NVIDIA GPUs, consisting of:
- 0.8k NVIDIA H100s
- 1.1k NVIDIA H200s
- 5.4k NVIDIA B200s
- 2.4k NVIDIA B300s
- 1.2k NVIDIA GB300s
鈥淲e are pleased to have secured NVIDIA Preferred Partner status and additional non-dilutive GPU financing, enabling us to expand our cloud offering with liquid-cooled, next-generation NVIDIA GB300 NVL72 systems鈥� said Daniel Roberts, Co-Founder & Co-CEO of IREN.
鈥淪upporting both liquid-cooled and air-cooled systems within the same data center campus highlights the versatility of our data center platform - underpinned by nearly 3GW of grid-connected power and scalable to hundreds of thousands of GPUs.鈥�
Assumptions and Notes
- Includes servers, InfiniBand, cabling, software and licensing costs
Forward-Looking Statements
This press release includes 鈥渇orward-looking statements鈥� within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or IREN鈥檚 future financial or operating performance. For example, forward-looking statements include but are not limited to IREN鈥檚 business strategy, expected operational and financial results, and expected increase in power capacity and hashrate. In some cases, you can identify forward-looking statements by terminology such as 鈥渁nticipate,鈥� 鈥渂elieve,鈥� 鈥渕ay,鈥� 鈥渃an,鈥� 鈥渟hould,鈥� 鈥渃ould,鈥� 鈥渕ight,鈥� 鈥減lan,鈥� 鈥減ossible,鈥� 鈥減roject,鈥� 鈥渟trive,鈥� 鈥渂udget,鈥� 鈥渇orecast,鈥� 鈥渆xpect,鈥� 鈥渋ntend,鈥� 鈥渢arget鈥�, 鈥渨ill,鈥� 鈥渆stimate,鈥� 鈥減redict,鈥� 鈥減otential,鈥� 鈥渃ontinue,鈥� 鈥渟cheduled鈥� or the negatives of these terms or variations of them or similar terminology, but the absence of these words does not mean that statement is not forward-looking. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. In addition, any statements or information that refer to expectations, beliefs, plans, projections, objectives, performance or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking.
These forward-looking statements are based on management鈥檚 current expectations and beliefs. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause IREN鈥檚 actual results, performance or achievements to be materially different from any future results performance or achievements expressed or implied by the forward looking statements, including IREN鈥檚 ability to successfully execute on its growth strategies and operating plans, including its ability to continue to develop its existing data center sites, design and deploy direct-to-chip liquid cooling systems, and diversify and expand into the market for high performance computing solutions (including the market for cloud services and potential colocation services and other important factors discussed under the caption 鈥淩isk Factors鈥� in IREN鈥檚 annual report on Form 20-F filed with the SEC on August 28, 2024 as such factors may be updated from time to time in its other filings with the SEC, accessible on the SEC鈥檚 website at www.sec.gov and the Investor Relations section of IREN鈥檚 website at https://investors.iren.com. These and other important factors could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any forward-looking statement that IREN makes in this press release speaks only as of the date of such statement. Except as required by law, IREN disclaims any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events or otherwise.
About IREN
IREN is a leading developer, owner and operator of next-generation data centers powering the future of Bitcoin, AI and beyond utilizing
- Power & Land Portfolio: 2,910MW of grid-connected power secured across >2,000 acres in the U.S. and Canada, with an additional multi-gigawatt development pipeline.
- Next-Generation Data Centers: 810MW of operating data centers underpinning three verticals: Bitcoin Mining, AI Cloud Services and AI Data Centers.
- Bitcoin Mining: one of the world鈥檚 largest and lowest-cost Bitcoin producers with 50 EH/s of installed self-mining capacity.
- AI Cloud Services: delivering high performance cloud compute to AI customers with next-generation NVIDIA GPUs.
- AI Data Centers: end-to-end design, construction and operation of data center infrastructure tailored for AI workloads.
Contacts
| Media Megan Boles Aircover Communications +1 562 537 7131 [email protected] Jon Snowball Sodali & Co +61 477 946 068 +61 423 136 761 | Investors Mike Power IREN [email protected] | 听 |
FAQ
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