IREN signs Dell GPU purchase agreements of about $2.3 billion and $1.2 billion

What the company reported

• On March 4, 2026, IREN subsidiaries signed purchase agreements with Dell Canada (about $2.3 billion) and Dell USA (about $1.2 billion).
• GPUs and ancillary products and services are to be delivered in phases in the second half of 2026, paid in installments within 30 days of each tranche shipping.
• IREN said it is buying over 50,000 NVIDIA B300 GPUs, expanding its fleet to 150,000 GPUs.
• IREN agreed to unconditionally guarantee both subsidiaries' obligations under the agreements.