Iris Energy has bought 248 Nvidia GPUs valued at $10 million to explore generative AI computing alongside its core Bitcoin mining operations.
Nasdaq-listed Iris Energy has bought 248 state-of-the-art Nvidia H100 GPUs for $10 million as it looks to explore opportunities in generative artificial intelligence (AI) in addition to its core business focus on Bitcoin (BTC) mining. The firm expects to receive delivery of the 248 GPUs in the coming months and plans to deploy the hardware to serve opportunities in cloud computing.
