secwatch.observer — SEC 8-K summary
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Issuer:     IREN Ltd (IREN)
CIK:        0001878848
Form:       8-K
Filed at:   2025-07-03T23:59:59+00:00
Accession:  0001140361-25-024747
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1878848/000114036125024747/0001140361-25-024747-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1878848/000114036125024747/ef20051566_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-25-024747

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer