Overview

• IREN bought about 12,400 additional GPUs for roughly $674 million, including 7,100 Nvidia B300s, 4,200 Nvidia B200s and 1,100 AMD MI350Xs.
• Deliveries will roll out over the coming months at the Prince George campus, with customers increasingly pre‑contracting capacity ahead of commissioning.
• The expanded fleet reaches roughly 23,000 GPUs across Nvidia H100/H200, B200/B300, GB300 and AMD MI350X hardware.
• Management says financing workstreams are underway and any impact on Bitcoin‑mining operations should be mitigated by redeploying ASICs to other sites.
• Shares rose in early trading, with reports citing a roughly 9% to 11% pre‑market gain to around $43 following the announcement.