Core Viewpoint - IREN Limited has signed additional multi-year cloud service contracts with several AI companies, involving the deployment of NVIDIA's Blackwell series GPUs, which has positively impacted its stock price in pre-market trading [1] Group 1: Company Developments - IREN has expanded its AI cloud service capacity and is on track to deploy a total of 23,000 GPUs by the end of Q1 2026, with an expected annual operating revenue exceeding $500 million [1] - Out of the 23,000 GPUs, 11,000 have secured customer contracts, corresponding to an annual recurring revenue (ARR) of approximately $225 million, with these GPUs expected to be operational by the end of 2025 [1] - Two weeks prior, IREN announced an investment of approximately $670 million to procure GPUs from NVIDIA and AMD to accelerate its AI cloud business growth [1] Group 2: Financial Impact - The recent GPU procurement includes 7,100 NVIDIA B300 GPUs, 4,200 NVIDIA B200 GPUs, and 1,100 AMD MI350X GPUs, totaling around $674 million, which has increased the total installed GPU capacity to approximately 23,000 units [1] - Following the announcement of the GPU procurement, IREN's stock price surged over 10% [1]

Core Viewpoint - IREN Limited has announced a significant investment in GPUs from NVIDIA and AMD to enhance its AI cloud business, leading to a notable increase in its stock price and overall market performance [1] Group 1: Company Investment - The company has invested approximately $670 million to purchase GPUs, including 7,100 NVIDIA B300 GPUs, 4,200 NVIDIA B200 GPUs, and 1,100 AMD MI350X GPUs, totaling around $674 million [1] - This investment will increase the company's total GPU deployment to approximately 23,000 units [1] Group 2: Business Growth Objectives - The GPUs will be delivered in phases to the company's facility in Prince George's County, with an aim to support the achievement of over $500 million in annual recurring revenue from AI cloud services by the end of Q1 2026 [1] Group 3: Market Performance - Following the announcement, IREN Limited's stock rose nearly 7%, marking a year-to-date increase of 319% [1]