智通财经网·2025-09-22 13:09Core Viewpoint - IREN Limited has invested approximately $670 million in purchasing GPUs from NVIDIA and AMD to accelerate its AI cloud business growth [1] Group 1: Investment Details - The procurement includes 7,100 NVIDIA B300 GPUs, 4,200 NVIDIA B200 GPUs, and 1,100 AMD MI350X GPUs, totaling around $674 million [1] - This investment increases the total GPU installation to approximately 23,000 units [1] Group 2: Business Strategy and Goals - The new equipment will be delivered in phases to IREN's facility in Prince George's County, with a target of achieving over $500 million in annual recurring revenue from AI cloud business by the end of Q1 2026 [1] - The CEO highlighted the growing global demand for computing power and the company's ability to meet this demand through a vertically integrated platform [1] Group 3: Market Reaction - Following the announcement, IREN's stock price rose by over 10% in pre-market trading [1]