NVIDIA B300s

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Sustainable Bitcoin: Powering the Future with Eco-Friendly Data Centers
Investorideas.com· 2025-10-09 13:30
Sustainable Bitcoin: Powering the Future with Eco-Friendly Data Centers October 9 2025 - Investorideas.com, a go-to investing platform covering renewable energy and crypto stocks releases a snapshot looking at the evolution of data centers for bitcoin, featuring KULR Technology Group, Inc (NYSE American:KULR), a Bitcoin+ Treasury company that builds a portfolio of frontier technology businesses ranging from high-performance energy systems to AI Robotics. News summary: In a rapidly evolving landscape ...
IREN Shares Jump 11% in Pre-Market Trading as Bitcoin Miner Doubles AI Cloud Fleet
Yahoo Finance· 2025-09-22 12:36
IREN (IREN) jumped 11% in pre-market trading to $43 after the company announced it has doubled its AI Cloud capacity to 23,000 GPUs, lifting its annualized run-rate revenue target to more than $500 million by Q1 of 2026. The company invested about $674 million in 7,100 NVIDIA B300s, 4,200 NVIDIA B200s and 1,100 AMD MI350Xs. Deliveries will be staged over the coming months at IREN’s Prince George campus, which alongside Texas facilities, can eventually host over 60,000 Blackwell GPUs. The expanded fleet no ...
IREN Doubles AI Cloud to 23k GPUs, Raises AI Cloud ARR Target to >$500m
Globenewswire· 2025-09-22 11:00
NEW YORK, Sept. 22, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (“IREN”) today announced it has doubled its AI Cloud capacity to 23k GPUs following the procurement of an additional 12.4k GPUs, and is now targeting more than $500m in AI Cloud annualized run-rate revenue (ARR) by Q1 2026.1 To meet rising demand, IREN has purchased 7.1k NVIDIA B300s, 4.2k NVIDIA B200s and 1.1k AMD MI350Xs for approximately $674m.2 The order reflects a growing trend of customers contracting capacity ahead of delivery, ...
IREN Expands GPU Fleet With NVIDIA Blackwell: What's the Path Ahead?
ZACKS· 2025-08-26 17:26
Core Insights - IREN Limited is expanding its GPU fleet by purchasing an additional 4,200 Blackwell B200 GPUs from NVIDIA, increasing its total to approximately 8,500 GPUs [1][10] - The Blackwell architecture provides significant improvements in AI compute performance and energy efficiency, allowing IREN to offer next-generation compute capabilities in a supply-constrained market [2] - IREN Limited is one of the largest and lowest-cost Bitcoin miners, achieving a 326% year-over-year hashrate growth in Q3 FY25, with an installed hashrate target of 50 EH/s [3] - AI Cloud services revenues for IREN surged 33% year-over-year to $3.6 million in Q3 FY25, indicating strong growth in this segment [4][10] - IREN faces strong competition in the Bitcoin mining market from companies like Strategy and CleanSpark [5] Financial Performance - IREN's hardware profit increased by 28.7% month-over-month to $63.3 million in July, with an annualized hardware profit of approximately $830 million [3] - The average revenue per Bitcoin for CleanSpark was $99,000, a 50% increase year-over-year, while IREN's cost structure remains competitive [7] - IREN's stock has appreciated 135.5% year-to-date, significantly outperforming the broader Zacks Finance sector and the Zacks Financial Miscellaneous Services industry [8] Valuation Metrics - IREN's stock is trading at a forward 12-month price/cash flow ratio of 82.39X, compared to the industry average of 26.72X, indicating a premium valuation [13] - The Zacks Consensus Estimate for IREN's 2025 earnings is 14 cents per share, unchanged over the past 30 days, following a loss of 29 cents per share in the same quarter last year [14]