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.
On August 12, Aofei Data announced that the company and its wholly-owned subsidiaries signed the "Machine Room Agreement" with a customer. Hebei Aofei Intelligent Calculation provides data center construction and IDC services for a customer. During the contract period, the total revenue is expected to be RMB 1.089 billion yuan, and the contract cooperation period is 20 years.