Nvidia Partnership and GPU Expansion Drive IREN Shares Up 14.97% to $26.49

IREN Limited's stock surged 14.97% to $26.49 after announcing NVIDIA Preferred Partner status and acquiring 2.4k GPUs worth $168 million. The company's GPU fleet now totals 10.9k NVIDIA GPUs, and its market capitalization has grown to $6.441 billion. IREN's shares have delivered a year-to-date return of 171.18% and a one-year return of 212.56%, significantly outperforming the broader market.

Title: IREN Limited's Stock Surges After NVIDIA GPU Acquisition and Preferred Partner Status

IREN Limited's (NASDAQ: IREN) stock surged 14.97% to $26.49 following the announcement of its NVIDIA Preferred Partner status and the acquisition of 2.4k GPUs worth $168 million. The company's GPU fleet now totals 10.9k NVIDIA GPUs, and its market capitalization has grown to $6.441 billion. IREN's shares have delivered a year-to-date return of 171.18% and a one-year return of 212.56%, significantly outperforming the broader market.

The expansion is part of IREN's strategic move to enhance its AI Cloud infrastructure. The company has secured $96 million in financing through a 24-month lease at a high single-digit interest rate to fund the GB300 GPUs, preserving equity while rapidly scaling infrastructure. The B300 GPUs are funded from existing cash reserves, demonstrating financial flexibility.

The acquisition includes 1.2k air-cooled NVIDIA B300s and 1.2k liquid-cooled NVIDIA GB300s, which will be installed at the Prince George campus. This campus is constructing a 10MW liquid-cooled facility capable of supporting over 4.5k GB300s, showcasing a hybrid cooling approach that offers significant thermal efficiency advantages.

IREN's diversification of its GPU fleet is strategically sound. By maintaining a mix of H100s, H200s, B200s, B300s, and now GB300s, the company is building a heterogeneous AI computing environment that can accommodate varying workload requirements while remaining at the forefront of performance capabilities. The GB300 systems represent NVIDIA's latest architecture, delivering substantial performance improvements for AI training and inference workloads.

The 3GW grid-connected power capacity suggests IREN has secured the necessary power infrastructure to support massive future expansion, potentially to "hundreds of thousands of GPUs" as stated. In the competitive AI infrastructure space, this power capacity represents a significant strategic advantage as energy availability becomes a key constraint in AI data center development.

References:
[1] https://www.stocktitan.net/news/IREN/iren-expands-ai-cloud-to-10-9k-gp-us-with-nvidia-preferred-partner-mk7te8d50r20.html
[2] https://www.tradingview.com/news/zacks:85769acc6094b:0-iren-expands-gpu-fleet-with-nvidia-blackwell-what-s-the-path-ahead/