# IREN rallies after securing GPUs to boost run-rate revenues to $4.4 billion > Source: > Published: 2026-05-27 13:44:41+00:00 # IREN rallies after securing GPUs to boost run-rate revenues to $4.4 billion [IREN](https://robinhood.com/us/en/stocks/IREN/?source=sherwood) jumped postmarket on Tuesday after management announced that they’d secured supply to make good on their recent deal with [Nvidia](https://robinhood.com/us/en/stocks/NVDA/?source=sherwood). The data company reached a $1.6 billion agreement with [Dell](https://robinhood.com/us/en/stocks/DELL/?source=sherwood) for air-cooled Blackwell systems to service its AI cloud contract with the chip designer [announced earlier this month](https://sherwood.news/markets/nvidia-to-invest-more-than-2-billion-in-iren-data-center-ai-boom/). The stock has pared much of its gains in early trading on Wednesday. This previously revealed partnership will see IREN build out data centers designed by Nvidia to optimize for its hardware. Some of that compute will then be utilized by Nvidia, which also received warrants to invest up to $2.1 billion in IREN. Once these systems are up and running in early 2027, IREN said that its annualized run rate would rise to $4.4 billion from $3.7 billion. “Securing capacity and accelerating commissioning are our top priorities in a market where time-to-compute is everything,” IREN cofounder and CEO Daniel Roberts said in a [statement](https://www.globenewswire.com/news-release/2026/05/26/3301524/0/en/iren-targets-4-4bn-in-arr-with-blackwell-deployment-at-childress.html). “Our relationship with Dell ensures access to hardware at the scale and speed the market demands.”