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Iris Energy | 6-K: Report of foreign private issuer [Rules 13a-16 and 15d-16]

SEC announcement ·  Feb 14 06:16
Summary by Moomoo AI
Iris Energy, a renewable energy-powered data center operator, announced on February 14, 2024, the expansion of its AI cloud services business with the purchase of an additional 568 NVIDIA H100 GPUs. This acquisition increases the company's total GPU count to 816, enabling it to meet growing customer demand for training large-scale AI and LLM workloads. The delivery and commissioning of the new GPUs are scheduled for Q2 2024. The expansion, which cost $22 million, is part of Iris Energy's strategy to cater to the next generation of AI services. The company is currently working on financing to support the expected growth of its AI cloud services. The announcement was made in a press release, which was furnished as Exhibit 99.1 in the company's Form 6-K report filed with the SEC.
Iris Energy, a renewable energy-powered data center operator, announced on February 14, 2024, the expansion of its AI cloud services business with the purchase of an additional 568 NVIDIA H100 GPUs. This acquisition increases the company's total GPU count to 816, enabling it to meet growing customer demand for training large-scale AI and LLM workloads. The delivery and commissioning of the new GPUs are scheduled for Q2 2024. The expansion, which cost $22 million, is part of Iris Energy's strategy to cater to the next generation of AI services. The company is currently working on financing to support the expected growth of its AI cloud services. The announcement was made in a press release, which was furnished as Exhibit 99.1 in the company's Form 6-K report filed with the SEC.
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