This deal has bolstered investors' enthusiasm for the data center operator.
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Dell Technologies (NYSE:DELL) reported what executives described as a record fiscal 2027 first quarter, driven by surging demand for AI servers, traditional servers, storage and commercial PCs, while warning that component supply remains the main constraint on further growth. Jeff Clarke said reven
IREN is leveraging its massive grid-connected power assets in Texas to secure high-margin artificial intelligence contracts and transform its valuation.
Robinhood now allows AI to trade for you, and IREN just purchased $1.6 billion worth of GPUs for AI workloads.
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Robinhood now allows AI to trade for you, and IREN just purchased $1.6 billion worth of GPUs for AI workloads.
Earlier this week, IREN Limited agreed to a roughly US$1.60 billion purchase of Dell systems using Nvidia’s Blackwell GPUs for its Childress, Texas data centers, aiming to support a previously announced five‑year US$3.40 billion managed AI cloud services contract and lift projected annualized run‑rate revenue from US$3.70 billion to US$4.40 billion by early 2027. The deal underlines how IREN’s access to next‑generation Nvidia hardware via Dell is becoming central to its effort to reposition...
IREN Ltd. (NASDAQ:IREN) is one of the 9 Stocks With Unbelievable Gains. IREN Ltd. saw its share prices grow by 13.48 percent on Wednesday to close at $67.84 apiece, as investor sentiment was boosted by the successful acquisition of Nvidia Blackwell systems—a move expected to bolster its annualized run-rate revenues (ARR) to $4.4 billion. In […]
The computing infrastructure provider is helping its customers build AI factories faster.
IREN has entered a $1.6 billion agreement with Dell to acquire Nvidia Blackwell GPUs.
IREN Pushes Deeper Into AI With $1.6 Billion Dell Hardware Purchase
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IREN (NASDAQ: $IREN) is spending $1.6 billion U.S. to purchase Dell Technologies (NYSE: $DELL) air-cooled Blackwell...
IREN agrees to $1.6 billion deal with Dell Technologies to buy Nvidia Blackwell systems for its AI data center sites. Shares surge.
The company will deploy Blackwell systems for its five-year cloud contract.
IREN disclosed a $1.6 billion purchase agreement with Dell for air-cooled Blackwell systems headed to its Childress, Texas campus. The company said commissioning in early 2027 should lift annualized run-rate…
IREN plans to deploy Blackwell systems at its Childress campus, with commissioning of the new infrastructure expected in early 2027.
IREN Limited (NASDAQ:IREN) said Tuesday it signed a purchase agreement with Dell Technologies Inc. (NYSE:DELL) for NVIDIA Corp. (NASDAQ:NVDA) air-cooled Blackwell systems to support its previously announced five-year, $3.4 billion managed-services AI cloud contract. IREN Expands AI Infrastructure With Dell Blackwell Deal The deployment will take place at IREN's existing data centers in Childress, Texas, with commissioning expected in early 2027. The company said the expansion is designed to acce
IREN (NasdaqGS:IREN) agreed to purchase $1.6 billion of Nvidia Blackwell systems from Dell to power its AI data centers in Texas. The company plans to use this hardware to serve previously announced AI cloud contracts at its existing Texas campus. Management has highlighted power grid constraints as a key risk for new AI data centers, with many projects facing multi year delays. IREN points to its pre secured power infrastructure as a key factor in being able to deploy new AI compute...
The Blackwell systems will be installed at its Texas data center.
Data center operator IREN said on Tuesday it has agreed to buy Nvidia's air-cooled Blackwell systems from Dell for about $1.6 billion, as it aims to bring more capacity online to keep up with soaring AI demand. The deal is to service its previously announced five-year $3.4 billion cloud AI service contract with Dell, an AI server maker, IREN said in a statement. The Blackwell systems will be set up across existing data centers at IREN's Childress, Texas, campus, and are expected to be ready by early 2027.
As the AI infrastructure race heats up, IREN has already soared over 58% in 2026, fueled by booming demand and growing ties with AI darling Nvidia.
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Legendary hedge fund manager Paul Tudor Jones has massively increased his stake in data center and infrastructure company IREN Ltd. (NASDAQ:IREN), expanding his position by 57% to capitalize on the explosive artificial intelligence (AI) boom. A Strategic Pivot To Equity According to Tudor Investment Corp's latest first quarter 2026 13F filing, Jones purchased an additional 11.58 million common shares of IREN, bringing his total holdings to a staggering 31.8 million shares. The equity position is
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