Iris Energy purchases 1,080 latest-generation Nvidia H200 GPUs

Iris Energy (IREN) announced the purchase of 1,080 latest-generation Nvidia (NVDA) H200 GPUs to support its growing AI Cloud Services business. “We’re seeing strong levels of demand for new-generation GPUs. Ongoing discussions with NVIDIA and participation in their Cloud Partner Program gives us added confidence in deploying this new capacity,” said Daniel Roberts, Co-Founder and Co-CEO of IREN. “This purchase is estimated to increase the AI Cloud Services proportion of IREN earnings to ~10% by year-end, a proportion we expect to continue growing through 2025.”