IREN Limited signs $1.6B deal with Dell for AI cloud systems
IREN Limited has signed a $1.6 billion deal with Dell Technologies to enhance its AI cloud infrastructure. This agreement follows a series of substantial hardware purchases as the company transitions from Bitcoin mining to AI services. The partnership with Dell is part of a broader strategy to build a significant AI computing capacity, supported by a major contract with Microsoft.
- ▪IREN Limited has committed $1.6 billion to Dell for air-cooled systems to support its AI cloud business.
- ▪This deal adds to previous agreements totaling $9.3 billion with Dell for GPUs and other equipment.
- ▪IREN is transitioning from Bitcoin mining to AI infrastructure, having secured over 4.5 GW of renewable power for its data centers.
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IREN Limited signs $1.6B deal with Dell for AI cloud systems The former Bitcoin miner deepens its AI infrastructure bet with a massive hardware purchase, adding to billions already committed to its pivot away from crypto. Share Add us on Google by Editorial Team May. 26, 2026 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "01f21ccf-2092-46b1-9ac7-8c44cc782e0f"; sevioads_preferences[0].adType = "native"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences); IREN Limited just wrote another very large check to Dell Technologies.
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