IREN shares jumps on $1.6 billion Dell deal to expand AI cloud business
CoinDesk
IREN shares rose following a $1.6 billion agreement with Dell Technologies to acquire Blackwell systems for expanding its AI cloud infrastructure.Summary
IREN has signed a $1.6 billion deal with Dell Technologies to procure air-cooled Blackwell systems, a move designed to scale the company's artificial intelligence infrastructure. These systems will support a $3.4 billion managed services AI cloud contract, with deployment slated for data centers in Childress, Texas, by early 2027. Once fully operational, the project is expected to boost IREN’s annualized revenue run-rate from $3.7 billion to $4.4 billion. Co-founder Daniel Roberts emphasized that this partnership secures essential hardware needed to meet the high market demand for AI compute capacity.
(Source：CoinDesk)