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← IREN
Wed, Mar 4, 2026

IREN expands AI cloud capacity to 150,000 GPUs

Source file ↗

Key points

  • Purchase agreements for over 50,000 additional NVIDIA B300 GPUs, expanding the total fleet to 150,000
  • Deployment expected in phases through H2 2026 across Mackenzie, BC and Childress, TX
  • 150,000-GPU fleet expected to support AI Cloud ARR of over $3.7 billion by end of 2026
  • $9.3 billion secured over the past eight months across customer prepayments, convertible notes, GPU leasing and GPU financing