IREN Signs $1.6B Dell Deal for NVIDIA Blackwell AI Systems in Texas
IREN Limited announced a $1.6 billion purchase agreement with Dell Technologies for NVIDIA air-cooled Blackwell systems, to be deployed at its Childress, Texas data centers starting early 2027. The deal supports a previously announced $3.4 billion managed-services AI cloud contract. IREN expects annualized run-rate revenue to rise from $3.7 billion to $4.4 billion, including contributions from existing Microsoft and new NVIDIA contracts. The company is also pursuing GPU financing for the deployment.
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IREN closes $3.65 billion GPU financing to back Microsoft AI cloud contract
IREN announced it has closed a $3.65 billion investment-grade GPU financing facility to support its previously announced $3.4 billion AI cloud contract with Microsoft. The deal is described as the highest publicly rated investment-grade GPU financing and the first in the U.S. private placement market. The funds will back IREN's provision of NVIDIA GPUs to Microsoft over five years across four data centers in Childress, Texas. IREN subsidiary IE US Hardware 4 Inc. entered into a $1.6 billion purchase agreement with Dell for GPUs and ancillary services. The financing structure uses contracted GPU capacity, owned data center sites, and Microsoft's creditworthiness as collateral to secure favorable institutional capital terms. IREN is scaling its AI infrastructure alongside a partnership with NVIDIA for up to 5 GW of AI infrastructure buildout.
Yahoo FinanceIREN closes $3.65 billion GPU financing to back Microsoft AI cloud contract
IREN (NASDAQ: IREN) announced on June 1, 2026, that it closed a $3.65 billion investment-grade GPU financing facility to support its $9.7 billion managed services AI cloud contract with Microsoft. The financing includes a $2.10 billion U.S. private placement at SOFR plus 2.13% and a $1.55 billion delayed draw term loan at SOFR plus 2.25%, with a blended cost of debt of 6.00%. The funds back IREN's provision of NVIDIA GPUs to Microsoft over five years across four data centers in Childress, Texas. Dell will supply racks of NVIDIA GB300 GPUs and equipment. The financing structure uses contracted GPU capacity, owned data center sites, and Microsoft's creditworthiness as collateral, enabling investment-grade terms. IREN co-CEO Dan Roberts highlighted that owning the infrastructure and having strong customer contracts broadens access to institutional capital and lowers costs.
Yahoo FinanceIREN Ltd Soars 13.5% After Raising ARR Outlook to $4.4 Billion on Nvidia Blackwell Acquisition
IREN Ltd (NASDAQ:IREN) saw its stock surge 13.48% to close at $67.84 on Wednesday, driven by investor optimism after the company announced a $1.6 billion agreement with Dell Technologies to acquire Nvidia Blackwell air-cooled systems. The acquisition supports a previously announced five-year, $3.4 billion managed services AI cloud contract. The Blackwell systems will be deployed at IREN's data centers in Childress, Texas, with commissioning targeted for early 2027. The company raised its annualized run-rate revenue (ARR) outlook to $4.4 billion. Co-founder and co-CEO Daniel Roberts emphasized that securing capacity and accelerating commissioning are top priorities in a market where time-to-compute is critical, and that the partnership with Dell ensures access to hardware at the scale and speed demanded by hyperscalers, enterprises, and developers.
Yahoo FinanceIREN Enters $1.6 Billion A.I. Deal With Dell Technologies
IREN (NASDAQ: IREN) has announced a $1.6 billion deal to purchase Dell Technologies' (NYSE: DELL) air-cooled Blackwell systems for its artificial intelligence data centers. The systems will be deployed at IREN's facilities in Childress, Texas, which are expected to become operational in 2027. The deal is projected to boost IREN's annual revenue from $3.7 billion to $4.4 billion. The agreement comes amid surging demand for AI compute capacity, with major tech companies racing to secure infrastructure for next-generation AI workloads. For Dell, the sale reinforces its role in developing AI data center infrastructure. IREN stock has risen 40% in 2026 to $59.78, while DELL stock has gained 139% to $305.08.
Yahoo FinanceIREN Enters $1.6 Billion A.I. Deal With Dell Technologies
IREN (NASDAQ: IREN) has announced a $1.6 billion deal to purchase Dell Technologies' (NYSE: DELL) air-cooled Blackwell systems for its artificial intelligence data centres. The systems will be deployed at IREN's facilities in Childress, Texas, with operations expected to begin in 2027. The deal is projected to boost IREN's annual revenue from $3.7 billion to $4.4 billion. The agreement comes amid surging global demand for AI compute capacity, with major tech companies racing to secure infrastructure. For Dell, the sale reinforces its role in developing AI data centre infrastructure. IREN stock has risen 40% year-to-date to $59.78, while DELL stock has gained 139% to $305.08.
Yahoo FinanceIREN signs $1.6 billion Dell Blackwell deal for Childress, targets $4.4 billion ARR
IREN (NASDAQ: IREN) announced on May 26, 2026, a $1.6 billion purchase agreement with Dell for air-cooled Blackwell systems to be deployed at its Childress, Texas campus. The hardware supports a previously announced $3.4 billion managed services AI cloud contract. Commissioning is targeted for early 2027, with annualized run-rate revenue (ARR) expected to rise from $3.7 billion to $4.4 billion, a 19% increase. The agreement covers GPUs, servers, storage, networking, and integration services, with payments tied to hardware delivery. IREN is also advancing GPU financing. The Childress campus has 750 MW capacity, and IREN recently disclosed a separate $9.7 billion AI cloud arrangement with Microsoft covering 200 MW of GPU infrastructure through 2031.
Yahoo FinanceIREN signs $1.6 billion Dell Blackwell deal for Childress, targets $4.4 billion ARR
IREN (NASDAQ: IREN) announced on May 26, 2026 a $1.6 billion purchase agreement with Dell for air-cooled Blackwell systems to be deployed at its Childress, Texas campus. The hardware will support a previously announced $3.4 billion managed services AI cloud contract. Commissioning is targeted for early 2027, with annualized run-rate revenue expected to rise from $3.7 billion to $4.4 billion, a 19% increase. The agreement covers GPUs, servers, storage, networking, and integration services, with payments tied to hardware delivery. IREN is also advancing GPU financing. The Childress campus has 750 MW capacity, and IREN recently disclosed a separate $9.7 billion AI cloud arrangement with Microsoft through 2031.
Yahoo FinanceIREN signs $1.6bn Dell deal for Blackwell systems at Texas AI campus
Data centre operator IREN has signed a $1.6 billion purchase agreement with Dell to acquire air-cooled Blackwell systems for its Childress, Texas campus. The deal supports a previously announced five-year, $3.4 billion managed AI cloud contract with Nvidia. The purchase includes GPUs, servers, storage, networking, integration services, and warranties. Deployment is scheduled for early 2027. IREN forecasts that full commissioning will increase its annualised run-rate revenue (ARR) from $3.7 billion to $4.4 billion, including $1.9 billion from an existing Microsoft contract, $700 million from the new Nvidia deal, and $1.8 billion from planned GPU deployments. IREN co-CEO Daniel Roberts emphasised the company's full-stack ownership and operational speed. In Q3 FY26, IREN reported total revenue of $144.8 million.
Yahoo FinanceIREN Secures Blackwell Firepower To Feed Booming AI Cloud Demand
IREN Limited announced a $1.6 billion purchase agreement with Dell Technologies for NVIDIA air-cooled Blackwell systems to support a previously announced $3.4 billion managed-services AI cloud contract. The deployment at IREN's Childress, Texas data centers is expected to begin commissioning in early 2027, increasing annualized run-rate revenue (ARR) from $3.7 billion to $4.4 billion. The hardware package includes GPUs, servers, storage, networking, and integration services. IREN co-CEO Daniel Roberts emphasized the importance of accelerating time-to-compute in the AI market. The company is also pursuing GPU financing for the deployment. Analyst estimates project a loss of 34 cents per share on revenue of $210.58 million for the upcoming August 2026 earnings report.
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