IREN Expands Fleet With 150,000 NVIDIA GPUs
IREN announced on March 4, 2026 that it has entered purchase agreements for over 50,000 NVIDIA B300 GPUs, expanding its fleet to 150,000 GPUs. The company plans phased deployments through H2 2026 across data centers in Mackenzie, British Columbia and Childress, Texas, and projects the expanded fleet could support AI Cloud annualized run-rate revenue exceeding $3.7 billion by end of 2026. IREN also secured $9.3 billion in funding and plans approximately $3.5 billion of additional capex to finance the orders.
Scoring Rationale
Large, well-documented GPU procurement with substantial funding and deployment plans; however, company-specific scope and assumed revenue projections limit broader industry impact.
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