On September 16, 2024, Iris Energy Limited, also known as IREN, announced the acquisition of 1,080 NVIDIA H200 GPUs for $43.9 million to bolster its AI Cloud Services business. The new GPUs are expected to be delivered and commissioned in the fourth quarter of 2024, increasing IREN's GPU fleet to a total of 1,896 NVIDIA H100 and H200 GPUs. This expansion is projected to raise the AI Cloud Services' contribution to IREN's earnings to approximately 10% by the end of the year, with expectations of continued growth through 2025. The company's current Bitcoin mining capacity is on track to reach 20 EH/s this month and aims for 30 EH/s by the fourth quarter of 2024. The AI Cloud Services are estimated to contribute around 10% to IREN's run-rate earnings from its 510MW data center portfolio by the end of 2024. The press release detailing this announcement was furnished as Exhibit 99.1 in the Report on Form 6-K filed with the SEC.

On September 16, 2024, Iris Energy Limited, also known as IREN, announced the acquisition of 1,080 NVIDIA H200 GPUs for $43.9 million to bolster its AI Cloud Services business. The new GPUs are expected to be delivered and commissioned in the fourth quarter of 2024, increasing IREN's GPU fleet to a total of 1,896 NVIDIA H100 and H200 GPUs. This expansion is projected to raise the AI Cloud Services' contribution to IREN's earnings to approximately 10% by the end of the year, with expectations of continued growth through 2025. The company's current Bitcoin mining capacity is on track to reach 20 EH/s this month and aims for 30 EH/s by the fourth quarter of 2024. The AI Cloud Services are estimated to contribute around 10% to IREN's run-rate earnings from its 510MW data center portfolio by the end of 2024. The press release detailing this announcement was furnished as Exhibit 99.1 in the Report on Form 6-K filed with the SEC.