IREN Surges 7.89% on $680M in Trading Ranking 101st as It Doubles GPU Capacity with 4200 NVIDIA B200s

On August 25, 2025, IREN (NASDAQ: IREN) surged 7.89% with a trading volume of $0.68 billion, ranking 101st in market activity. The stock’s rally followed the company’s announcement of a significant expansion of its NVIDIA GPU fleet. IREN disclosed it has acquired an additional 4,200 NVIDIA Blackwell B200 GPUs, doubling its total GPU capacity to approximately 8,500 units. The procurement includes 0.8k H100s, 1.1k H200s, 5.4k B200s, and 1.2k B300s, with the new hardware set to be deployed at its Prince George campus. This move aligns with the company’s strategy to scale its AI Cloud services and leverage existing data center infrastructure.

IREN secured $102 million in financing for prior GPU purchases through a 36-month lease agreement with a high single-digit interest rate. The financing will support further growth initiatives, including additional Blackwell GPU acquisitions. The company also allocated existing cash to fund the latest 4,200 GPU purchase, valued at $193 million, which includes ancillary equipment. With 50MW of power capacity at its Prince George site, IREN highlighted its ability to scale to approximately 20,000 Blackwell GPUs in the future. The expansion is expected to maintain total mining capacity at 50 EH/s while optimizing underutilized data center resources.

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