secwatch / observer
8-K filed March 4, 2026, 6:59 PM ET ticker IREN CIK 0001878848
other material confidence high sentiment positive materiality 0.85

IREN expands GPU fleet to 150,000, targets $3.7bn AI cloud revenue run-rate by end-2026

IREN Ltd

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

IREN Ltd entered into Dell USA Purchase Agreement with Dell Marketing L.P. valued at approximately $1.2 billion (effective 2026-03-04).

Action
entry
Agreement
supply
Counterparty
Dell Marketing L.P.
Value
approximately $1.2 billion
Effective
2026-03-04
Exact text from the filing
On March 4, 2026, IE US Hardware 4 Inc. (“IE US Hardware”), an indirect wholly owned subsidiary of the Company, and Dell Marketing L.P. (“Dell USA”) entered into purchase documentation (the “Dell USA Purchase Agreement” and, together with the Dell Canada Purchase Agreement, the “Dell Purchase Agreements”) pursuant to which Dell USA will supply to IE US Hardware GPUs and ancillary products and services, scheduled to be delivered in phases during the second half of 2026, for an aggregate purchase price of approximately $1.2 billion payable in installments within 30 days of each tranche shipping.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

IREN Ltd entered into Dell Canada Purchase Agreement with Dell Canada Inc. valued at approximately $2.3 billion (effective 2026-03-04).

Action
entry
Agreement
supply
Counterparty
Dell Canada Inc.
Value
approximately $2.3 billion
Effective
2026-03-04
Exact text from the filing
On March 4, 2026, IE CA Leasing Ltd. (“IE CA Leasing”), a wholly owned subsidiary of IREN Limited (the “Company”), and Dell Canada Inc. (“Dell Canada”) entered into purchase documentation (the “Dell Canada Purchase Agreement”) pursuant to which Dell Canada will supply to IE CA Leasing GPUs and ancillary products and services, scheduled to be delivered in phases during the second half of 2026, for an aggregate purchase price of approximately $2.3 billion payable in installments within 30 days of each tranche shipping.
View on SEC.gov

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IREN Ltd filing history →

Source: SEC EDGAR
accession 0001140361-26-007905
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