Poolside upsizes and extends AI Cloud Service contract US STOCKS

IREN (Iris Energy Limited) (NASDAQ: IREN) (together with its subsidiaries) a leading next-generation data center business powering the future of Bitcoin, AI and beyond, today provided a business update.

Key Highlights

-Previously announced 3-month AI cloud services agreement with leading AI company, poolside

-Agreement is now upsized from 248 to 504 NVIDIA H100 GPUs following successful initial deployment

-Additional 4-month term commencing mid-April 2024, and extension option for a further 2 months at the customer’s election