---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-25-024747"
form_type: "8-K"
ticker: "IREN"
cik: "0001878848"
company_name: "IREN Ltd"
filed_at: "2025-07-03T23:59:59+00:00"
generated_at: "2026-05-18T09:30:51.912048+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001140361-25-024747
- form_type: 8-K
- ticker: IREN
- cik: 0001878848
- company_name: IREN Ltd
- filed_at: 2025-07-03T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1878848/000114036125024747/0001140361-25-024747-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1878848/000114036125024747/ef20051566_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-024747
- JSON: https://secwatch.observer/filing/0001140361-25-024747.json
- Plain text: https://secwatch.observer/filing/0001140361-25-024747.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.