IREN Limited (NASDAQ: IREN) has purchased 4,200 NVIDIA Blackwell B200 GPUs for approximately $193 million, doubling its total GPU fleet to roughly 8,500 units. It also secured $102 million in financing for a prior purchase of Blackwell B200 and B300 GPUs, according to a company press release.
The $102 million financing is structured as a 36-month lease covering 100% of the purchase price at a high single-digit interest rate, with IREN earmarking proceeds for further Blackwell GPU procurement. IREN is exploring financing options to fund its latest GPU purchase, which IREN initially covered with cash.
IREN will install the new B200 GPUs at its Prince George campus. The company plans to still operate its 50 EH/s bitcoin mining fleet by utilizing spare data center capacity across other sites.
With this purchase, IREN’s AI Cloud will consist of about 800 H100s, 1,100 H200s, 5,400 B200s and 1,200 B300s, giving the Prince George campus 50 MW of power capacity capable of supporting up to 20,000 Blackwell GPUs.
Read More: IREN mines 728 Bitcoin in July, reports $65.6 million in profit
At time of publication, IREN is down 1.3% during pre-market hours.
