IREN
Bitcoin miner turned vertically integrated AI cloud, renting NVIDIA GPU clusters from its own data centres in Texas and British Columbia under multi-year contracts, including GB300 NVL72 capacity for Microsoft. Owns its land, power and data centres; sales are contact-only.
- H100 list price
- Not published
- B200 list price
- Not published
- ClusterMAX
- Underperforming source, 9 Nov 2026 Edition 3.0
- Ownership
- NASDAQ: IREN source, 9 Nov 2026
Facts
Source per value- Headquarters Headquarters city and country as stated by the company or its filings.
- Sydney, Australia 1
- Ownership Publicly listed, privately held, or a subsidiary of another company.
- public 4
- Ticker Exchange and ticker symbol if listed, e.g. NASDAQ: CRWV. Null if private or not stated on a fetched source.
- NASDAQ: IREN 4
- Parent company Owner or group, when the provider is a subsidiary or has merged (e.g. Voltage Park under Lightning AI, Taiga Cloud under Quake AI / Rumble).
- Not published
- GPUs offered Data-centre accelerators (Blackwell, Hopper, Ada, Ampere and AMD Instinct) listed on the provider's own site, newest first as the provider lists them. The full list, including workstation and older cards, is under "All GPU models".
- H100, H200, B200, B300, GB300 1
- All GPU models Every accelerator model the provider lists on its own site as of the verification date.
- H100, H200, B200, B300, GB300 1
- H100 Lists NVIDIA H100 on its own site.
- Yes 1
- Blackwell Lists at least one NVIDIA Blackwell data-centre GPU (B100, B200, B300, GB200 or GB300).
- Yes 1
- AMD Instinct Lists at least one AMD Instinct GPU (MI300X, MI325X, MI350X, MI355X or newer).
- No 1
- H100 list price $/GPU-hr Published on-demand list price for one NVIDIA H100 (SXM unless pricing.note says otherwise), taken from the provider's own pricing page. Null if not published, quote-only, host-set (marketplaces) or not in USD.
- Not published
- B200 list price $/GPU-hr Published on-demand list price for one NVIDIA B200. Same rules as the H100 price.
- Not published
- Price checked Date the list prices were read from the provider's pricing page.
- Not published
- Regions Short form of where the provider states it runs capacity. Full detail under "Regions (detail)".
- US, Canada 1
- Regions (detail) Countries or regions where the provider states it runs capacity.
- Operating: Childress TX (750 MW), Mackenzie/Prince George/Canal Flats BC, Canada; under construction: Sweetwater TX (2 GW); planned: Oklahoma, Bundey (South Australia), Badajoz (Spain) 1
- Stated capacity GPU count, MW/GW of power or backlog exactly as the company or its filings state it, with the as-of date. Never estimated.
- >5 GW secured power; >$4B contracted ARR targeted operational Jan-Feb 2027; revenue backlog $20.3B; Q1 FY27 AI Cloud revenue $200M (Q1 FY27 results, 5 Nov 2026) 4
- Public customers Customers named publicly by the provider or in reputable press.
- Microsoft, NVIDIA, Perplexity, Hume (company releases and case studies) 1
- Funding / debt (USD) $ Total funding if a source states a total; otherwise the latest sourced equity round or debt facility. See funding_note for what the number covers.
- Not published
- Funding note What the funding/debt number is, when it was announced and by whom.
- Q1 FY27 (30 Sep 2026): $9B of cash and committed GPU financing and prepayments against $15B remaining FY27 capex; no single total funding figure published 4
- Interconnect Cluster network fabrics the provider lists (InfiniBand, RoCE, Ethernet, NVLink).
- InfiniBand 1
- Bare metal Offers bare-metal GPU servers (no hypervisor).
- Yes 1
- Kubernetes Offers a managed Kubernetes service on GPU nodes.
- Not published
- Slurm Offers managed Slurm (including Slurm-on-Kubernetes) for training clusters.
- Not published
- Reserved contracts Sells committed or reserved capacity (monthly to multi-year).
- Yes 1
- Self-serve Customers can sign up and launch GPU instances on demand without a sales contract.
- No 1
- ClusterMAX SemiAnalysis ClusterMAX tier for the provider. 'Participation' is the 3.0 tier for providers that took part without earning a medal. Null if not rated, listed as unavailable, or not confirmed.
- Underperforming 6
- ClusterMAX edition Edition of ClusterMAX the rating comes from (3.0 published September 2026).
- 3.0 6
Sources
6- IREN homepage accessed 2026-11-09
- IREN AI Cloud accessed 2026-11-09
- IREN investor news accessed 2026-11-09
- IREN Reports Q1 FY27 Results (8-K Ex. 99.1, 5 Nov 2026) accessed 2026-11-09
- SEC EDGAR IREN filer data (business address) accessed 2026-11-09
- SemiAnalysis ClusterMAX 3.0 (Sep 2026) rankings image accessed 2026-11-09
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