IREN Limited Secures Major AI Cloud Contracts with NVIDIA GPU Deployment

IREN Limited, a data center operator and Bitcoin mining company, has inked multi-year contracts to provide AI cloud services through its deployment of NVIDIA’s Blackwell series GPUs. These agreements have been signed with several prominent AI firms, according to Foresight News. The deployment is expected to generate an estimated $225 million in annual recurring revenue (ARR). IREN currently holds a significant portion of the contract, with 11,000 out of the planned 23,000 GPUs deployed. This initiative is anticipated to be fully operational by the end of 2025.