Iris Energy Upsized and Extended its AI Cloud Services Deal with Poolside, More Than Doubling the Contracted Cluster Size from 248 to 504 NVIDIA H100 GPUs
Portfolio Pulse from Benzinga Newsdesk
Iris Energy has expanded its AI cloud services agreement with Poolside, increasing the contracted NVIDIA H100 GPUs from 248 to 504. The contract now extends for an additional 4 months starting mid-April 2024, with a possible 2-month extension.
April 08, 2024 | 11:15 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Iris Energy's expanded agreement with Poolside for AI cloud services could significantly boost its revenue and market position.
The expansion of the AI cloud services agreement with Poolside, which more than doubles the contracted NVIDIA H100 GPUs, indicates a growing demand for Iris Energy's services. This could lead to increased revenue and potentially enhance the company's market position.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
The deal expansion between Iris Energy and Poolside, involving 504 NVIDIA H100 GPUs, highlights NVIDIA's strong position in the AI hardware market.
Doubling the contracted cluster size to 504 NVIDIA H100 GPUs for Iris Energy's AI cloud services with Poolside not only showcases the demand for NVIDIA's products but also reinforces its strong position in the AI hardware market.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70