Iris Energy Triples AI Cloud Services Business to 816 NVIDIA H100 GPUs [Yahoo! Finance]
Iris Energy Limited (IREN)
Company Research
Source: Yahoo! Finance
Company”), a leading owner and operator of next-generation data centers powered by 100% renewable energy, today announced an expansion to triple its existing AI cloud services business. Key Highlights Additional purchase of 568 NVIDIA H100 GPUs for $22 million Growing customer demand driving rapid expansion of AI cloud services business Iris Energy AI cloud service now enabling customers to train next-generation AI & LLM workloads with up to trillions of parameters Iris Energy is pleased to announce it has purchased a further 568 GPUs to expand its existing AI cloud services business to 816 of the latest-generation NVIDIA H100 GPUs. The Company is undergoing growing demand for its AI cloud service; now enabling customers to train large next-generation AI & LLM workloads with up to trillions of parameters. Delivery and commissioning of the additional GPUs is expected during Q2 2024. Financing workstreams are underway to support ongoing expected growth in the Company's A
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IREN
News
- We're Not Worried About Iris Energy's (NASDAQ:IREN) Cash Burn [Yahoo! Finance]Yahoo! Finance
- Operating hashrate increased to 9 EH/sGlobeNewswire
- The Impact Of AI On Iris Energy's Bitcoin Mining Success [Seeking Alpha]Seeking Alpha
- Poolside upsizes and extends AI Cloud Services contractGlobeNewswire
- IREN Announces Monthly Investor Update for March 2024GlobeNewswire
IREN
Sec Filings
- 4/29/24 - Form 6-K
- 4/8/24 - Form 6-K
- 4/4/24 - Form 6-K
- IREN's page on the SEC website