IREN (IREN) jumped 11% in pre-market buying and selling to $43 after the corporate introduced it has doubled its AI Cloud capability to 23,000 GPUs, lifting its annualized run-rate income goal to greater than $500 million by Q1 of 2026.
The corporate invested about $674 million in 7,100 NVIDIA B300s, 4,200 NVIDIA B200s and 1,100 AMD MI350Xs. Deliveries might be staged over the approaching months at IREN’s Prince George campus, which alongside Texas amenities, can ultimately host over 60,000 Blackwell GPUs.
The expanded fleet now consists of 1,900 NVIDIA H100s and H200s, 19,100 NVIDIA B200s and B300s, 1,200 NVIDIA GB300s and 1,100 AMD MI350Xs. The addition of AMD {hardware} broadens IREN’s providing and buyer attain.
“As world demand for compute accelerates, prospects are more and more searching for companions who can ship scale rapidly,” mentioned Co-CEO Daniel Roberts. “Doubling our fleet to greater than 23,000 GPUs in only a few months highlights the energy of our vertically built-in platform.”
IREN is concurrently engaged on financing initiatives to assist progress whereas mitigating any impression on its 50 EH/s bitcoin BTC$112,706.21 mining operations.
