The bottleneck $IREN needs to overcome. Having higher priority on GPUs via Nvidia Partnership will be critical for IREN. Unfortunately, 2026 GPUs are all allocated. You can see here that used A100/H100/H200s are sold out with a backlog. $IREN has secured GPUs for 3.7B ARR exiting 2026 but they are all coming later in each quarter.
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