The Australian-founded AI data centre operator sold bonds and secured loans to borrow $5 billion to buy Nvidia chips to provide computing capacity for a Texas data centre.

IREN Limited signed a $1.6B deal with Dell for air-cooled AI cloud systems, adding to billions in hardware commitments as the former Bitcoin miner pivots to AI.

IREN signs a $1.6B Nvidia AI systems deal with Dell to expand Texas data centers and strengthen cloud-based AI infrastructure services.