Dell: IREN Purchases Blackwell Servers for $1.6 Billion and Fuels the Largest Infrastructure Expansion in Human History!

The data center operator IREN is investing approximately $1.6 billion in air-cooled Nvidia Blackwell systems from Dell to support a five-year AI cloud contract worth $3.4 billion. The commissioning of the new systems in early 2027 is expected to significantly increase IREN's annualized revenue run rate (ARR) from $3.7 billion to $4.4 billion. The large order underscores Dell's growing dominance in the AI server market, where the company was able to expand its number of AI customers from 4,000 to 5,000 in just the last quarter.   Dell...