IREN Ltd. said it has signed purchase agreements for more than 50,000 NVIDIA B300 GPUs, expanding its AI cloud fleet to 150,000 GPUs. The company plans phased deployment in the second half of 2026 across its air-cooled data centers in Mackenzie, British Columbia and Childress, Texas, targeting an AI Cloud annualized run-rate revenue of over $3.7 billion by end-2026. IREN said it has secured $9.3 billion of funding in the past eight months and expects about $3.5 billion in additional capex to support the expansion.

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