Core Insights - Super X AI Technology Limited has launched its flagship product, the SuperX XN9160-B300 AI Server, designed to meet the increasing demand for high-performance computing in AI training, machine learning, and high-performance computing workloads [1][3]. Product Features - The SuperX XN9160-B300 AI Server is optimized for large-scale distributed AI training and inference, featuring extreme GPU performance for demanding applications [2][3]. - It integrates 8 NVIDIA Blackwell B300 GPUs, providing a total of 2,304GB of unified HBM3E memory, which is crucial for managing large models and high-concurrency tasks [6][5]. - The server is built in an 8U chassis and includes Intel Xeon 6 Processors, high-speed networking capabilities, and energy-efficient design, making it suitable for mission-critical data center environments [4][10]. Technical Specifications - The system supports up to 32 DDR5 DIMMs and features 12 redundant power supplies for high energy efficiency and stability under peak loads [9][10]. - It includes advanced networking with up to 8 × 800Gb/s InfiniBand ports, facilitating low-latency communication for connecting multiple servers [7][10]. - The server's architecture allows for seamless scaling and high throughput, essential for AI factories and supercomputing applications [7][11]. Market Positioning - The XN9160-B300 is targeted at organizations requiring maximum scale and ultra-low latency for next-generation AI workloads, including sectors like financial services, bioinformatics, and scientific research [12][14]. - The product is positioned to accelerate global AI innovation and enhance the capabilities of data centers [3][12].

Core Viewpoint - IREN Limited has significantly expanded its GPU fleet by procuring an additional 4.2k NVIDIA Blackwell B200 GPUs, bringing the total to approximately 8.5k GPUs, and has secured $102 million in financing for prior GPU purchases, positioning the company for growth in AI Cloud services [1][2][4]. Financing Details - IREN has secured $102 million in financing structured as a 36-month lease for 100% of the purchase price of NVIDIA Blackwell GPUs, with lease payments based on a high single-digit interest rate [2]. - Financing discussions are ongoing for the newly acquired 4.2k NVIDIA Blackwell B200 GPUs, with initial funding sourced from existing cash [3]. Capacity and Growth - The new GPUs will be installed at IREN's Prince George campus, maintaining a total installed mining capacity of approximately 50 EH/s, utilizing spare data center capacity efficiently [3]. - The Prince George campus has a total power capacity of 50 MW, allowing for phased growth to support up to 20,000 Blackwell GPUs [4]. Strategic Positioning - The expansion of GPU capacity is aimed at capturing strong demand and driving revenue growth in the AI Cloud sector, leveraging competitively priced, non-dilutive capital [4]. - IREN operates a vertically integrated data center business focused on Bitcoin, AI, and other high-performance computing applications, utilizing 100% renewable energy [10].