IREN purchases additional 4.2k Nvidia Blackwell GPUs

IREN (IREN) has procured an additional 4.2k NVIDIA (NVDA) 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. 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. IREN has also secured an additional 4.2k NVIDIA Blackwell B200 GPUs for approximately $193m, including ancillary equipment. 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.