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← IREN
Tue, May 26, 2026

IREN targets $4.4bn ARR with Blackwell deployment at Childress

Source file ↗

Key points

  • Purchase agreement with Dell for air-cooled Blackwell systems (~$1.6 billion, post-shipment payment terms) to service the $3.4 billion NVIDIA AI cloud contract
  • Deployment at Childress, commissioning targeted for early 2027; expected to raise ARR from $3.7bn to $4.4bn
  • GPU financing being advanced in connection with the agreement, consistent with prior hardware deployments