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IREN to buy Blackwell systems from Dell for $1.6 billion

Published Tuesday, May 26, 2026 · Updated May 27

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Coverage is limited to a single Singaporean news source, lacking broader geographic and ideological perspectives.

Media Analysis

AI synthesis

Data center operator IREN has agreed to purchase Nvidia's air-cooled Blackwell systems from Dell for approximately $1.6 billion. This acquisition aims to expand IREN's AI capacity and supports a previously announced $3.4 billion cloud AI service contract, projecting an increase in IREN's annualized revenue to $4.4 billion.

What We Know — Key Points

  • Data center operator IREN has agreed to buy Nvidia's air-cooled Blackwell systems from Dell for about $1.6 billion.
  • The purchase is intended to expand IREN's AI capacity.
  • The deal supports a previously announced $3.4 billion cloud AI service contract.
  • The agreement is expected to increase IREN's annualized revenue to $4.4 billion.

What Is Claimed — Perspectives

  • Channel News AsiaCenter

    Data center operator IREN announced an agreement to purchase Nvidia's air-cooled Blackwell systems from Dell for approximately $1.6 billion to expand its AI capacity. This deal supports a previously announced $3.4 billion cloud AI service contract and is expected to increase IREN's annualized revenue to $4.4 billion.

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