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IREN Signs Additional Multi-Year Cloud as a Service Contracts with AI Companies

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2025-10-07 12:46:20
On October 7th, data center operator and bitcoin miner IREN Limited (IREN.US) announced that it has signed additional multi-year Cloud as a Service contracts with several artificial intelligence (AI) companies, involving the deployment of Nvidia (NVDA.US) Blackwell series of GPUs. As of now, 11,000 of the 23,000 GPUs have been signed to customer contracts, corresponding to about $225 million AI cloud ARR, which is expected to be operational by the end of 2025.
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