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$IREN signed a 5-year, $3.4B AI cloud services contract with NVIDIA that will initially use approximately 60MW of existing capacity at IREN’s Childress, Texas campus.
The deployment will use air-cooled Blackwell systems for $NVDA NVIDIA’s internal AI and research workloads
On a simple straight-line basis:
-> $3.4B total contract value
-> ~60MW deployed
-> 5-year term
That works out to roughly:
-> ~$56.7M revenue per MW over the full contract
-> ~$11.3M revenue per MW per year
-> ~$944K per MW per month
$IREN is gearing toward hyper growth. 🤯
NVIDIA is effectively paying IREN ~$11M+ annually per MW for premium AI compute infrastructure capacity tied to Blackwell deployments.
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