Iris Energy Triples AI Cloud Services Business to 816 NVIDIA H100 GPUs

Iris Energy Limited (together with its subsidiaries, “Iris Energy” or “the Company”), a leading owner and operator of next-generation data centers powered by 100% renewable energy, announced an expansion to triple its existing AI cloud services business.

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Key Highlights

• Additional purchase of 568 NVIDIA H100 GPUs for $22 million¹
• Growing customer demand driving rapid expansion of AI cloud services business
• Iris Energy AI cloud service now enabling customers to train next-generation AI & LLM workloads with up to trillions of parameters

Iris Energy is pleased to announce it has purchased a further 568 GPUs to expand its existing AI cloud services business to 816 of the latest-generation NVIDIA H100 GPUs.

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The Company is undergoing growing demand for its AI cloud service; now enabling customers to train large next-generation AI & LLM workloads with up to trillions of parameters.

Delivery and commissioning of the additional GPUs is expected during Q2 2024.

Financing workstreams are underway to support ongoing expected growth in the Company’s AI cloud services business.

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