Iris Energy: Poolside upsizes and extends AI cloud cervices contract

IREN or Iris Energy provided a business update.Key Highlights: Previously announced 3-month AI cloud services agreement with leading AI company, poolside; Agreement is now upsized from 248 to 504 NVIDIA H100 GPUs following successful initial deployment; Additional 4-month term commencing mid-April 2024, and extension option for a further 2 months at the customer’s election; IREN has upsized and extended its AI cloud services agreement with poolside, more than doubling the contracted cluster size from 248 to 504 NVIDIA H100 GPUs. The contract is for an additional 4-month term commencing mid-April, 2024, with an extension option for a further 2 months at the customer’s election. Eiso Kant, CTO and Co-Founder of poolside, commented: “We’ve been very impressed with the outperformance of IREN’s NVIDIA H100 GPU cluster as it sits amongst the best-in-class in reliability and performance, as well as the IREN team’s commitment to customer support. Our business has growing demand for GPU compute and we’re pleased to expand our partnership with IREN to support our growth.”