IREN Expands AI Cloud Capacity to 150,000 GPUs

Core Viewpoint - IREN Limited has announced the acquisition of over 50,000 NVIDIA B300 GPUs, expanding its total fleet to 150,000 GPUs, which positions the company among the largest AI cloud infrastructure providers globally [1][4]. Group 1: GPU Acquisition and Deployment - The company plans to deploy the additional GPUs in phases through the second half of 2026 across existing data centers in Mackenzie, British Columbia, and Childress, Texas [2]. - The expanded fleet is expected to support an annualized run-rate revenue of over $3.7 billion by the end of 2026 [2]. Group 2: Funding and Capital Expenditure - IREN has secured $9.3 billion in funding over the past eight months through various means, including customer prepayments and GPU financing [3]. - The company anticipates financing approximately $3.5 billion in additional capital expenditures for the GPU orders expected in the second half of 2026 [3]. Group 3: Capital Management and Strategy - An at-the-market equity program has been established as part of IREN's broader capital management framework to complement existing funding sources [4]. - The company emphasizes maintaining a disciplined capital structure while scaling its operations [3].