Iris Energy Purchases 248 NVIDIA H100 GPUs for ~$10M to Target Generative AI
Portfolio Pulse from Benzinga Newsdesk
Iris Energy Limited (NASDAQ:IREN), a Bitcoin mining data center operator, has purchased 248 NVIDIA H100 GPUs for approximately $10 million. The GPUs will be used to target generative AI.
August 29, 2023 | 11:32 am
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POSITIVE IMPACT
Iris Energy's purchase of NVIDIA GPUs indicates a strategic investment in AI, potentially enhancing its Bitcoin mining operations.
Iris Energy's purchase of NVIDIA GPUs shows a strategic move towards AI, which could enhance its Bitcoin mining efficiency and profitability. This could potentially lead to a positive impact on its stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
NVIDIA's sale of its H100 GPUs to Iris Energy for $10 million demonstrates the demand for its latest-generation AI technology.
NVIDIA's sale of its GPUs to Iris Energy indicates a strong demand for its latest AI technology. This could potentially lead to a positive impact on its stock price.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70