IREN Expands AI Cloud with 2.4k NVIDIA Blackwell GPUs
1. IREN acquires 2.4k NVIDIA GPUs for ~$130 million, fully funded by cash. 2. Total GPU fleet expands to 4.3k, enhancing AI Cloud Services capabilities. 3. Prince George can host >20,000 GPUs, facilitating future growth. 4. Investment supports rising demand from AI-native enterprises and cloud operators. 5. Combination of strong economics and strategic positioning drives IREN's growth.