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← IREN
Mon, Aug 25, 2025

IREN purchases 4.2k NVIDIA Blackwell GPUs, secures $102m financing

Source file ↗

Key points

  • Procured an additional 4.2k NVIDIA Blackwell B200 GPUs, doubling the total GPU fleet to ~8.5k
  • $102 million financing secured for a prior GPU purchase, structured as a 36-month lease for 100% of the purchase price at a high-single-digit interest rate
  • A further 4.2k Blackwell B200 GPUs secured for ~$193 million (financing conversations underway; initial commitment from existing cash)
  • New GPUs to be installed at the Prince George campus; total installed mining capacity expected to remain ~50 EH/s