Bitcoin miner IREN expands AI cloud with Nvidia Blackwell chips
ReutersJul 3, 2025 12:54 PM
Bitcoin miner IREN IREN.O announces purchase of 2,400 next-generation Nvidia Blackwell B200 and B300 GPUs worth $130 mln
The Australia-based co says acquisition is fully funded from existing cash
Co expects the investment to deliver attractive risk-adjusted returns and support discussions around its AI Data Center business
IREN is evaluating financing alternatives to support AI cloud services growth
Shares up 0.26% to $15.70 in choppy premarket trading
Earlier in the month, co closed $500 mln convertible notes offering, intending to use net proceeds to pay for capped calls, derivative transactions to offset dilution and general purposes
As of last close, stock up 59.47% YTD
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