IREN expands GPU fleet to 150,000, opens $6B equity offering [Yahoo! Finance]
JP Morgan Chase & Co. (JPM)
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Source: Yahoo! Finance
IREN (NASDAQ: IREN) is expanding its GPU fleet with the purchase of more than 50,000 NVIDIA B300, bringing its total fleet to some 150,000 GPUs, according to a Wednesday press release. The company plans to deploy the new units through the second half of 2026. IREN will install the hardware across existing data centers in Mackenzie, British Columbia, and Childress, Texas. IREN says the expanded fleet will support an annualized run-rate revenue exceeding $3.7 billion by the end of 2026. The #1 podcast for emerging tech stocks, Bitcoin, and weekly news analysis. Subscribe to the Blockspace Podcast here, on Apple, Spotify, or anywhere you listen to podcasts. Coinciding with this announcement, IREN filed for a $6 billion at-the-market offering, the largest ever for a bitcoin miner. Over the past eight months, IREN has secured $9.3 billion in funding, its press release states. Prior to this GPU order, IREN opened a $2 billion convertible notes offering in December 2025. The offer
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JPM
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- 1/13/26 - Miss
JPM
Sec Filings
- 3/6/26 - Form 424B2
- 3/6/26 - Form 424B2
- 3/6/26 - Form 424B2
- JPM's page on the SEC website