Business
IREN Purchases 4.2k NVIDIA Blackwell GPUs & Secures Financing - AI Cloud Expanded to 8.5k GPUs
NEW YORK, Aug. 25, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (“IREN”) today announced it has procured an additional 4.2k NVIDIA Blackwell B200
About this update from Iren Limited
[{"type":"text","content":"NEW YORK, Aug. 25, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (“IREN”) today announced it has procured an additional 4.2k NVIDIA Blackwell B200 GPUs, which doubles IREN’s total GPU fleet to approximately 8.5k NVIDIA GPUs. In addition, IREN has secured financing of $102m for a prior purchase of NVIDIA Blackwell B200 and B300 GPUs. Financing for prior Blackwell purchase IREN has secured $102m in financing in respect of a prior purchase of NVIDIA Blackwell B200 and B300 GPUs. The financing is structured as a 36-month lease for 100% of the purchase price of the GPUs, with lease payments calculated utilizing a high single digit interest rate. The financing will release funding to support further growth initiatives, including the procurement of further NVIDIA Blackwell GPUs. Additional Blackwell purchase IREN has also secured an additional 4.2k NVIDIA Blackwell B200 GPUs for approximately $193m, including ancillary equipment.1 Financing conversations are underway in respect of these GPUs, with the initial commitment made from existing cash. These new B200s will be installed at IREN’s Prince George campus. Total installed mining capacity is expected to remain at ~50 EH/s following efficient utilization of spare data center capacity at other sites. This purchase will expand IREN’s AI Cloud over the coming months to approximately 8.5k NVIDIA GPUs consisting of: 0.8k NVIDIA H100s1.1k NVIDIA H200s5.4k NVIDIA B200s1.2k NVIDIA B300s With 50MW of total power capacity, IREN’s Prince George campus is able to support phased growth to ~20,000 Blackwell GPUs.2 Daniel Roberts, Co-Founder & Co-CEO of IREN, commented: “Our expanded Blackwell capacity positions IREN to capture strong demand and drive the next phase of our AI Cloud revenue growth. Utilizing competitively priced, non-dilutive capital further strengthens the value proposition in scaling our AI Cloud business.\" Assumptions and Notes Includes servers, InfiniBand and cabling.>20k air-cooled Blackwell GPU capacity reflects 50MW gross power capacity at IREN’s Prince George data center campus, and assumes PUE of 1.1 and power draw of 1.93kW per GPU (including ancillary power draw), based on NVIDIA B200 reference architecture. Forward-Looking Statements This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995....