Iren’s actions (Iren) continued to meet after announcing new service contracts in the cloud of several years with the main AI companies for NVIDIA Blackwell GPU implementations.
The company is still on its way to exceeding $ 500 million in annual execution rate (RR) at the end of the first 2026 of 23,000 GPU in operation or in order.
The contracts that cover 11,000 GPU have already been signed, which represents around $ 225 million in that it is expected to go online for the end of 2025.
With average terms of the two -year contract and income recovery periods, IREN is extending on its British Columbia campus and Horizon 1 and 2 data centers in Texas, which together can house more than 100,000 GPUs backed by 2,910 MW of insured power capacity.
Iren, co -founder Daniel Roberts, said: “Our ability to quickly transition from ASIC to GPUs through our British Columbia campus, and the speed at which we are building Horizon 1 and 2, demonstrates how they will be positioned in a unique way to meet AI Compute’s acceleration demand.”
Miners continue to increase
The AI ​​and the High Performance Computing Rally (HPC) continued at the beginning of the US negotiation, with bitfars (Bitf) by 12% after winning 15% on Monday, while HIVE Digital (HIVE) rises another 10% after a 25% increase in the previous session.
