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← IREN
Thu, Aug 28, 2025

IREN expands AI cloud to 10.9k GPUs, secures NVIDIA preferred partner status and $96m financing

Source file ↗

Key points

  • NVIDIA Preferred Partner status secured
  • Additional 1.2k air-cooled NVIDIA B300s and 1.2k liquid-cooled NVIDIA GB300s procured for ~$168 million, expanding the total GPU fleet to 10.9k
  • ~$96 million financing secured for the GB300 purchase, structured as a 24-month lease for 100% of the purchase price at a high-single-digit interest rate; the B300s are funded from existing cash
  • 10MW (IT load) liquid-cooled installation underway at Prince George, capable of supporting 4.5k+ GB300s
  • Fleet composition: 0.8k H100s, 1.1k H200s, 5.4k B200s, 2.4k B300s, 1.2k GB300s