Welcome to our dedicated page for IREN news (Ticker: IREN), a resource for investors and traders seeking the latest updates and insights on IREN stock.
IREN Limited reports developments in AI cloud infrastructure, large-scale data centers and GPU clusters for AI training and inference. Company updates cover managed GPU cloud services, customer contracts, NVIDIA platform deployments, hardware procurement, and the buildout of grid-connected data center capacity in renewable-rich regions.
Recurring IREN news also includes financial results, conference-call materials, site energization milestones such as Sweetwater 1, and capital actions including convertible notes and ordinary-share issuance programs. The company’s updates connect data center power availability, GPU deployment, customer workloads and capital funding to its vertically integrated AI cloud platform.
IREN (NASDAQ: IREN) has completed the acquisition of Nostrum Group, a Spain-based developer of grid-connected AI data centers. The deal adds about 490MW of secured, grid-connected power plus a development pipeline, marks IREN’s entry into Europe, and brings a local team of over 50 employees.
IREN (NASDAQ: IREN) signed a transmission connection agreement for an 800MW data center campus in Bundey, South Australia, its first Australian data center project.
The campus targets initial energization from 2028, leverages submarine fiber into key Asia-Pacific markets, and is expected to create over 200 ongoing and 500 construction jobs.
IREN (NASDAQ: IREN) closed a $3.65bn investment-grade GPU financing facility to support its AI Cloud contract with Microsoft. The package combines a $2.10bn U.S. private placement and a $1.55bn delayed draw term loan, funding about 96% of $5.81bn GPU capex at an average 3.31% all-in financing cost including customer prepayments, and targets 480MW of AI Cloud capacity by end 2026.
IREN (NASDAQ: IREN) and BE Networks are using NVIDIA DSX Air to simulate and validate the network architecture for IREN’s planned deployment of over 50,000 NVIDIA Blackwell Ultra GPUs.
The digital twin will let teams test network topologies, automation workflows, and operations across compute, networking, storage, orchestration and security layers before physical AI factory deployment.
IREN (NASDAQ: IREN) signed a $1.6bn purchase agreement with Dell for air-cooled Blackwell systems to support its five-year, $3.4bn managed services AI cloud contract at the Childress, Texas campus. Commissioning is targeted for early 2027, with ARR expected to rise from $3.7bn to $4.4bn.
IREN (NASDAQ: IREN) announced the acquisition of Awaken, a creative and media agency focused on content strategy and brand development. Awaken will cease independent operations, and senior leaders, including Founder and CEO Chris Parker, will join IREN to lead global brand and marketing strategy across North America, Europe and APAC.
IREN (NASDAQ: IREN) closed a private offering of $3.0 billion aggregate principal amount of 1.00% convertible senior notes due 2033 to qualified institutional buyers under Rule 144A. Net proceeds are about $2.96 billion, including a fully exercised $400 million greenshoe.
IREN plans to spend $201.3 million on capped call transactions and the remainder on general corporate purposes and working capital. The capped calls, with a cap price of $110.30 per share (100% above the May 11, 2026 share price), are expected to reduce potential dilution up to the cap.
IREN (NASDAQ: IREN) priced an upsized $2.6 billion private offering of 1.00% convertible senior notes due 2033 to qualified institutional buyers under Rule 144A. The notes carry a 32.5% conversion premium, initial conversion price of $73.07, and are supported by capped call transactions with a $110.30 cap.
Estimated net proceeds are $2.57–$2.96 billion, with about $174.5 million allocated to capped calls and the remainder for general corporate purposes and working capital.
IREN (NASDAQ: IREN) plans a private offering of $2 billion convertible senior notes due December 1, 2033, to qualified institutional buyers under Rule 144A, with an option for an additional $300 million.
Proceeds will fund capped call transactions and be used for general corporate purposes and working capital.
IREN expects new capped calls to limit dilution from conversions and will partially unwind existing 2029 and 2030 capped calls. Related hedging and unwinding by counterparties may affect the trading prices of IREN shares and the notes.
IREN (NASDAQ: IREN) signed a five-year AI infrastructure cloud services contract with NVIDIA valued at approximately $3.4 billion on May 7, 2026. The deal grants NVIDIA access to managed GPU cloud services, orchestration and cluster management software (with Mirantis), served by air-cooled Blackwell systems across ~60MW at IREN's Childress, Texas campus.
The agreement emphasizes managed cloud delivery (not just bare metal) and uses existing Childress data center capacity for deployment.