IREN quietly drops $130M cash to lock in rare Blackwell GPUs

In a market grappling with GPU scarcity, IREN has secured 2,400 of NVIDIA’s cutting-edge Blackwell chips—funded entirely with cash on hand. The Australian firm will deploy the B200 and B300 units at its Prince George site in British Columbia, reinforcing its shift from bitcoin mining toward AI infrastructure. With room for 20,000 more GPUs, IREN is quietly positioning itself for serious staying power in the high-performance compute race.