IREN (Iren) Jumped 11% into trading before the market to $ 43 after the company announced that it has doubled its AI-Sky capacity to 23,000 GPUs, lifting its annual RECT income target to more than $ 500 million in Q1 of 2026.
The company invested around $ 674 million in 7,100 NVIDIA B300S, 4,200 NVIDIA B200S and 1,100 AMD MI350XS. Deliveries will be staged in the coming months on Iren’s Prince George Campus, which together with Texas facilities will eventually host over 60,000 Blackwell GPUs.
The extended fleet now includes 1,900 NVIDIA H100S and H200S, 19,100 NVIDIA B200S and B300S, 1,200 NVIDIA GB300S and 1,100 AMD MI350XS. The addition of AMD hardware is expanding the Iren’s offer and the customer’s reach.
“As global demand for calculation accelerates, customers are increasingly seeking partners who can quickly deliver scale,” said Co-Ceo Daniel Roberts. “Doubling our fleet to more than 23,000 GPUs in just a few months highlights the strength of our vertically integrated platform.”
Iren is working at the same time with financing initiatives to support mining.
