Iren Limited (IREN) Announces Purchase of 50,000 NVIDIA B300 GPUs to Expand AI Fleet [Yahoo! Finance]
IREN Limited - Ordinary Shares (IREN)
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Source: Yahoo! Finance
Iren Limited (NASDAQ: IREN ) is one of the best get-rich-quick stocks to buy according to hedge funds. On March 4, Iren announced the purchase of over 50,000 NVIDIA B300 GPUs, a move that will expand its total fleet to 150,000 units. The company aims to deploy these additional GPUs in phases throughout H2 2026 across its existing air-cooled data centers in Mackenzie, British Columbia, and Childress, Texas. This expansion is designed to address the growing demand for time-to-compute in the AI cloud market, allowing the firm to bring capacity online with greater speed and certainty for its customers. Financially, Iren expects this 150,000 GPU fleet to support an annualized run-rate revenue of over $3.7 billion by the end of 2026. The company has secured $9.3 billion in funding over the last eight months through various channels, including customer prepayments, convertible notes, and GPU leasing. About $3.5 billion in additional capital expenditure is planned for H2 2026 to cover the
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IREN
News
- IREN Vs. Nebius: One Dilutes, The Other Compounds [Seeking Alpha]Seeking Alpha
- Up 716% Over the Past Year, How Much Higher Can IREN Stock Go? [Yahoo! Finance]Yahoo! Finance
- IREN (IREN) had its price target lowered by Cantor Fitzgerald from $82.00 to $61.00. They now have an "overweight" rating on the stock.MarketBeat
- IREN (IREN) was upgraded by Freedom Capital to "hold".MarketBeat
- IREN Limited (IREN): Billionaire Rob Citrone Trims Position [Yahoo! Finance]Yahoo! Finance
IREN
Sec Filings
- 3/4/26 - Form 8-K
- 3/4/26 - Form 424B5
- 3/4/26 - Form 8-K
- IREN's page on the SEC website