Mentioned:
A publicly traded Bitcoin mining company is pouring more than a hundred million dollars into new Nvidia hardware. And it might just be the beginning.
What’s happening:
- IREN (NASDAQ: IREN) has purchased 2,400 Nvidia (NASDAQ: NVDA) GPUs to install at their Prince George, British Columbia data centre for high performance computing
By the numbers:
- The new GPU purchase from IREN is expected to cost approximately $130M USD
- IREN is purchasing 1,200 Nvidia Blackwell B200 GPUs and 1,100 Nvidia Blackwell B100 GPUs
- IREN’s Prince George, British Columbia based data centre already has an existing 1,900 Nvidia Hopper GPUs and their new purchase will bring their fleet of GPUs to a total of 4,300
Why it matters:
- IREN’s new purchase of hardware from Nvidia is one of the single largest purchases of Blackwell GPUs by a publicly traded Bitcoin mining company
Going deeper:
- IREN has publicly stated that their Prince George based data centre campus has the capacity to eventually host up to 20,000 Blackwell GPUs at full capacity
