India, May 27 -- Australian data center operator IREN Ltd. (IREN) announced that it has entered into an agreement with Dell Technologies Inc. (DELL) to buy Nvidia's air-cooled Blackwell systems for approximately $1.6 billion.
With the purchase, the vertically integrated AI Cloud provider aims to service its previously announced five-year, $3.4 billion managed services AI cloud contract.
The purchase agreement includes GPUs, servers, storage, networking, ancillary equipment, integration services, and warranties. The payment terms are structured on a post-shipment basis.
In a statement, IREN said the Blackwell systems will be deployed across existing data centers at the company's Childress, Texas campus, with commissioning targeted for ear...