IREN to Expand AI Cloud Fleet to 150,000 NVIDIA B300 GPUs

Reuters03-05 05:31
IREN to Expand AI Cloud Fleet to 150,000 NVIDIA B300 GPUs

IREN Ltd. said it has signed purchase agreements for more than 50,000 NVIDIA B300 GPUs, expanding its AI cloud fleet to 150,000 GPUs. The company plans phased deployment in the second half of 2026 across its air-cooled data centers in Mackenzie, British Columbia and Childress, Texas, targeting an AI Cloud annualized run-rate revenue of over $3.7 billion by end-2026. IREN said it has secured $9.3 billion of funding in the past eight months and expects about $3.5 billion in additional capex to support the expansion.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Iren Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202603041630PRIMZONEFULLFEED9666033) on March 04, 2026, and is solely responsible for the information contained therein.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment