IREN has secured approximately $96m in financing to support the purchase of the GB300s.1 The financing is structured as a 24-month lease and represents 100% of the purchase price, with lease payments calculated utilizing a high single digit interest rate. The B300 GPUs are funded from existing cash, with further financing workstreams underway.
The GPUs will be installed over the coming months at IREN's Prince George campus, where construction is underway on a 10MW (IT load) liquid-cooled installation capable of supporting more than 4.5k GB300s.
These NVIDIA B300 and GB300 NVL72 Systems will expand IREN's AI Cloud over the coming months to approximately 10.9k NVIDIA GPUs, consisting of:
0.8k NVIDIA H100s
1.1k NVIDIA H200s
5.4k NVIDIA B200s
2.4k NVIDIA B300s
1.2k NVIDIA GB300s
"We are pleased to have secured NVIDIA Preferred Partner status and additional non-dilutive GPU financing, enabling us to expand our cloud offering with liquid-cooled, next-generation NVIDIA GB300 NVL72 systems" said Daniel Roberts, Co-Founder & Co-CEO of IREN.
"Supporting both liquid-cooled and air-cooled systems within the same data center campus highlights the versatility of our data center platform - underpinned by nearly 3GW of grid-connected power and scalable to hundreds of thousands of GPUs."
Assumptions and Notes
Includes servers, InfiniBand, cabling, software and licensing costs
Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally ...
