By TradingView
Publication Date: 2026-03-05 11:58:00
IREN (IREN) said it has signed agreements to purchase more than 50,000 B300 graphics processing units from Nvidia NVDA, a move expected to expand its total GPU fleet to about 150,000 units.
The company said the additional chips will be installed in phases through the second half of 2026 at its air-cooled data center facilities in Mackenzie, British Columbia, and Childress, Texas. The expansion is intended to increase computing capacity for artificial intelligence training and inference workloads.
IREN indicated the enlarged infrastructure could support an annualized revenue run rate of more than $3.7 billion by the end of 2026, based on internal assumptions. The company noted that the projection is illustrative and not fully backed by contracted demand.
To support the deployment, IREN expects about $3.5 billion in additional capital expenditures during the second half of 2026. The spending would cover GPUs, servers, networking equipment and related infrastructure. Payment terms for the hardware are structured on a post-shipment basis, with procurement expected to align with commercial milestones and available capital.
IREN shares jumped about 13% on Wednesday following the disclosure. The company said it has secured roughly $9.3 billion in funding over the past eight months through a mix of customer prepayments, convertible notes and GPU-related financing arrangements.
