Global Infrastructure SherpaIren purchases 50,000 Nvidia B300 GPUs
USD3.5B
Deal Value
construction
Stage
Iren entered into purchase agreements for over 50,000 Nvidia B300 GPUs.
Get daily data center deal alerts — free, no spam.
Counterparts (2)
Buyer
Sign up free to access full counterpart details, deal analysis, and timeline.
Sign up free →Deal Analysis
Iren announced a supply agreement to purchase over 50,000 Nvidia B300 GPUs on 2026-03-06. Nvidia, a technology company specializing in AI, will supply the B300 GPUs to Iren. The deal value was not disclosed.
- Iren to purchase over 50,000 Nvidia B300 GPUs.
- Deal announced on 2026-03-06.
- Nvidia is the supplier of B300 GPUs.
- Transaction type: supply_agreement.
Source Intelligence
KEY DETAILS
The new acquisition will bring Iren's fleet to 150,000 GPUs on its cloud platform. The expanded fleet is expected to enable an annualized run-rate revenue of more than $3.7 billion by the end of the year. Iren was formerly known as Iris Energy. The company is in the midst of a pivot away from cryptomining towards its AI cloud business.
“
Deal Size
finance an additional $3.5 billion in capex related to the acquisition of the B300s.
“
Location
The additional GPUs will be deployed across Iren's data centers in Mackenzie, British Columbia, and Childress, Texas
“
Announcement
March 06, 2026
“
COD
in phases across the first half of 2026.
PARTIES MENTIONED IN SOURCE
I
Iren
buyer
"AI cloud company Iren has entered into purchase agreements for more than 50,000 Nvidia B300 GPUs."
N
Nvidia
supplier
"Iren purchases 50,000 Nvidia B300 GPUs"
high quality
Enriched Mar 9, 2026
Timeline
Announced
Mar 6, 2026
Signed
Closed
Get the full picture — timeline, source intelligence, and counterpart analysis.
Sign up free →