IREN to deploy Dell Blackwell systems, targeting $4.4bn ARR by 2027

IREN agreed to purchase approximately $1.6bn in air-cooled Blackwell GPU systems from Dell for deployment at its Childress, Texas data center, with commissioning targeted for early 2027. The deployment is expected to increase the company's annualized run-rate revenue from $3.7bn to $4.4bn, reflecting progress in monetizing GPU capacity.