IREN buys 2.4k NVIDIA Blackwell GPUs for ~$130M; AI Cloud fleet grows to 4.3k

IREN Ltd

Purchase of 2,400 NVIDIA Blackwell B200 (1,300) and B300 (1,100) GPUs for ~$130M, including fit-out costs.
Total NVIDIA GPU fleet expands from 1,900 Hopper GPUs to approximately 4,300 GPUs.
GPUs will be installed at Prince George, BC campus; 50MW power can host >20,000 Blackwell GPUs.
Fully funded from existing cash; evaluating financing alternatives to support AI Cloud growth.
Demand rising from AI enterprises, cloud operators, and hyperscalers; expects attractive risk-adjusted returns.

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