IREN Buys Nvidia Blackwell Systems from Dell for $1.6B
Data center operator IREN has entered an agreement to purchase Nvidia air-cooled Blackwell systems from Dell to support its expanding cloud AI services. The equipment will be deployed at the company's Texas campus and is expected to increase its annualized run-rate revenue to 4.4 billion dollars by early 2027.
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IREN LTD agreed to buy NVIDIA CORP Blackwell systems from DELL TECHNOLOGIES -C for $1.6 billion evening the following day. The deal supports a previously announced five-year $3.4 billion cloud AI service contract between the two firms in the United States. The acquisition is expected to increase IREN's annualized run-rate revenue to $4.4 billion from $3.7 billion once the systems are operational.
