IREN jumps after Q4 report, Nvidia preferred status

Shares of IREN (IREN) are moving higher after the company reported Q4 results and announced it secured Nvidia (NVDA) preferred partner status. The company also said it procured an additional 1.2k air-cooled NVIDIA B300s and 1.2k liquid-cooled Nvidia GB300s for $168M,1 expanding its total GPU fleet to 10.9k Nvidia GPUs. Iren reported Q4 revenue of $187.3M and adjusted EBITDA of $121.9M. Iren added that it is approaching $1.25B total annualized revenue “with scope for further growth ahead.” IREN explained, “Looking ahead, our vertical integration uniquely positions us to deliver across the entire AI infrastructure stack – from powered shells to turnkey colocation to fully managed cloud services – and we are advancing a range of additional commercial opportunities while executing on near-term growth.” The stock in premarket trading is up 13% to $26.00.