Iren's Ability to Rapidly Scale Its Data Center Footprint Makes It a Long-Term Winner
Iren has doubled its gigawatt portfolio since the start of the year.
Iren's Ability to Rapidly Scale Its Data Center Footprint Makes It a Long-Term Winner
Overview
Data center operator Iren (NASDAQ: IREN) is positioning itself to be a leader of the artificial intelligence (AI) boom. It's inking some impressive deals for its cloud infrastructure, including a five-year $3.4 billion deal it signed last month with Nvidia (NASDAQ: NVDA).
That deal covers 60 megawatts (MW) worth of computing capacity in Iren's Childress, Texas, data center. The terms of that deal could also be helpful for assessing Iren's newly announced 800 MW site in Australia, especially in the broader context of how quickly Iren has added more energy capacity.
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Originally published at www.fool.com.
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