Iris Energy purchases NVIDIA H100 GPUs to target generative AI

Iris Energy (IREN) announced the purchase of NVIDIA’s (NVDA) latest-generation artificial intelligence H100 GPUs. Key Highlights: Company’s next-generation data centers to now target the generative AI market; Initial purchase of 248 NVIDIA H100 GPUs for ~US$10 million; Core business remains Bitcoin mining. Bitcoin mining continues to be an attractive business for the Company. Potential expansion into adjacent computing markets, including generative AI, is enabled through: Next-generation data centers designed, tested and proven for power dense computing; Proprietary, high-efficiency cooling systems; 100% renewable energy; 760MW of available power capacity. The initial purchase of 248 NVIDIA H100 GPUs for ~US$10 million1 is expected to be delivered in the coming months.