IREN Expands AI Cloud to 10.9k GPUs, with NVIDIA Preferred Partner Status and Additional Financing Secured

Core Viewpoint - IREN Limited has achieved NVIDIA Preferred Partner status and expanded its GPU fleet with the acquisition of additional NVIDIA GPUs, enhancing its AI Cloud capabilities [1][3]. Group 1: GPU Acquisition and Financing - IREN has procured 1.2k air-cooled NVIDIA B300s and 1.2k liquid-cooled NVIDIA GB300s for approximately $168 million, increasing its total GPU fleet to 10.9k NVIDIA GPUs [1][3]. - The financing for the GB300s amounts to approximately $96 million, structured as a 24-month lease covering 100% of the purchase price, with lease payments based on a high single-digit interest rate [2]. - The B300 GPUs are funded from existing cash, with additional financing efforts in progress [2]. Group 2: Data Center Expansion - The new GPUs will be installed at IREN's Prince George campus, where a 10MW liquid-cooled installation is under construction, capable of supporting over 4.5k GB300s [3]. - The data center platform supports both liquid-cooled and air-cooled systems, backed by nearly 3GW of grid-connected power, scalable to hundreds of thousands of GPUs [4]. Group 3: Company Overview - IREN is a leading developer and operator of next-generation data centers, focusing on Bitcoin, AI, and renewable energy solutions [8]. - The company operates 810MW of data centers across three verticals: Bitcoin Mining, AI Cloud Services, and AI Data Centers, with a significant focus on high-performance computing [10].