Home / Technology / IREN signs $1.6bn Dell agreement to expand AI cloud capacity

IREN signs $1.6bn Dell agreement to expand AI cloud capacity

The Dell agreement will support IREN’s expanding AI cloud business and boost projected annualized revenue to $4.4 billion by 2027.

IREN shares rose 4% in pre-market trading after the company entered a $1.6 billion purchase agreement with Dell Technologies for air-cooled Blackwell systems, a major step in scaling its artificial intelligence infrastructure, the company said on Wed… [1007 chars]

Source: CoinDesk | Published: 2026-05-27T09:47:54Z

Credit: CoinDesk

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