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WHTop → 📋 News → IREN Doubles AI Cloud to 23K GPUs, Targets $500M Revenue by 2026
IREN Doubles AI Cloud to 23K GPUs, Targets $500M Revenue by 2026
📅 - IREN has announced a major expansion of its AI Cloud infrastructure, doubling capacity to approximately 23,000 GPUs following the purchase of an additional 12,400 high-performance units. The investment, valued at around $674 million, positions the company to reach more than $500 million in annualized run-rate revenue from its AI Cloud services by the end of the first quarter of 2026.
The procurement includes 7,100 NVIDIA B300s, 4,200 NVIDIA B200s, and 1,100 AMD MI350Xs, reflecting the increasing market demand for both NVIDIA and AMD hardware.
Deliveries will be staged across the coming months at IREN's Prince George campus in British Columbia, with the expanded fleet set to support [...][... Check source for end of article ...]
📅 - OpenAI and NVIDIA Partner to Align Roadmaps for Next-Gen AI Growth - OpenAI and NVIDIA have revealed plans for a strategic partnership that could mark one of the most ambitious infrastructure undertakings in the history of artificial intelligence. The two companies have signed a letter of intent to deploy at least 10 gigawatts of NVIDIA systems that will serve as the backbone of OpenAI's next-generation AI models, including those on the path toward what the company describes as ‘superintelligence.'
NVIDIA has indicated it may invest up to $100 billion in OpenAI to support the rollout of these systems, which will require extensive new data center and power capacity.
The initial phase of deployment is scheduled to begin in the second half of 2026, powered [...]
📅 - Ciena Acquires Nubis for $270M to Boost AI Data Center Connectivity - Ciena has announced plans to acquire Nubis Communications in a move that underscores the growing urgency around connectivity for AI-driven workloads. The agreement, valued at $270 million in an all-cash transaction subject to standard closing adjustments, will give Ciena access to a portfolio of ultra-compact, low-power optical and electrical interconnect solutions designed specifically for high-performance data center environments.
Based in New Providence, New Jersey, Nubis brings more than 50 engineers and a suite of technologies that will enhance Ciena's ability to address both scale-up and scale-out requirements as AI continues to transform data traffic patterns.
The acquisition [...]
📅 - Lumen Expands Fiber Network to Build the Backbone for the AI Economy - Lumen Technologies is accelerating its multi-billion-dollar initiative to create what it describes as the backbone for the AI economy, revealing new milestones in a nationwide fiber expansion. The company plans to add 34 million intercity fiber miles by the end of 2028, which will bring its total to 47 million.
According to executives, this effort is designed to deliver the scale, speed, and reliability required for AI workloads that are driving unprecedented levels of network demand.
Kye Prigg, executive vice president of enterprise operations at Lumen, said the project is not a marginal upgrade but a full-scale doubling of the company's U.S. network footprint. "AI is fueling a surge in [...]
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📅 - Flex Launches Modular Rack-Level CDU to Meet Rising AI Data Loads - Flex (NASDAQ: FLEX), a multinational manufacturing and supply chain solutions company, is extending its presence in the data center infrastructure market with the introduction of a new cooling product aimed at tackling the rapidly growing demands of artificial intelligence, high-performance computing (HPC), and hyperscale workloads.
The company this week announced the immediate availability of its Modular Rack-Level Coolant Distribution Unit (CDU), developed by its liquid cooling subsidiary JetCool, which specializes in advanced heat management systems.
The launch represents the first step in Flex's expanded strategy for cooling distribution units, with an in-row CDU expected to follow [...]
📅 - Flexential Launches Marketplace to Simplify Enterprise IT Connections - Flexential, a U.S.-based data center and hybrid IT solutions provider, has announced the launch of the Flexential Marketplace, a business-to-business platform designed to make it easier for enterprises to discover and connect with service providers across distributed IT environments.
The platform is being positioned as a way to streamline how enterprises engage with cloud, network, and as-a-service providers by centralizing connectivity inside Flexential's existing ecosystem.
The Marketplace is integrated into the company's FlexAnywhere platform and accessible via the Flexential Xperience Portal (FXP). It allows enterprises, carriers, and service providers to create detailed, [...]
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