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IREN says it has more than 4.5 gigawatts of projects in its pipeline, highlighting substantial capacity expansion potential. The company also buys its own Nvidia chips, which should improve economics and allow it to negotiate more lucrative client deals. The update is positive for IREN’s growth and margin outlook, though the article provides limited new financial detail.

Analysis

IREN says it has more than 4.5 gigawatts of projects in its pipeline, highlighting substantial capacity expansion potential. The company also buys its own Nvidia chips, which should improve economics and allow it to negotiate more lucrative client deals. The update is positive for IREN’s growth and margin outlook, though the article provides limited new financial detail.