IREN signs $1.6bn Dell deal for Blackwell systems at Texas facility
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IREN Targets $4.4bn in ARR with Blackwell Deployment at Childress
May 26, 2026 5:10 PM EDTNEW YORK, May 26, 2026 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (IREN) today announced it has entered into a purchase agreement with Dell for air-cooled Blackwell systems to service its previously announced five-year, $3.4bn managed services AI cloud contract.
The transaction is part of IRENs ongoing investment to accelerate time-to-compute, today the defining constraint in AI.
The Blackwell systems will be deployed across existing data centers at IRENs Childress, Texas campus, with commissioning targeted for early 2027. Upon commissioning, the AI cloud contract is expected to increase IREN's annualized run-rate revenue (ARR) from... More
