Iren Limited (IREN) Announces Purchase of 50,000 NVIDIA B300 GPUs to Expand AI Fleet [Yahoo! Finance]
Iris Energy Limited (IREN)
Company Research
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. CRCL: Which Crypto-Exposure Stock Has an Edge Right Now? [Yahoo! Finance]Yahoo! Finance
- IREN's Power Moat: Winning The AI Race [Seeking Alpha]Seeking Alpha
- IREN: Something Doesn't Add Up [Seeking Alpha]Seeking Alpha
- IREN Ltd (IREN) Strengthening Cloud Platform with Nvidia's GPUs [Yahoo! Finance]Yahoo! Finance
- Why I See IREN's $6B ATM As A Growth Tool, Not A Threat To Shareholders [Seeking Alpha]Seeking Alpha
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