816 GPUs illustrative annualized hardware profit $14-17m
Company: IREN
The claim, verbatim
IREN estimates its 816 GPUs would generate about $14-17m of annualized hardware profit, with a payback period of roughly 24 months.
Source (primary)
iren 8-K exhibit (ef20026073_ex99-1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-11-08)Live source ↗
Quote: “816 GPUs generates an estimated ~$14-$17m of annualized hardware profit (~24 month payback)”
How we checked this
Checked on November 9, 2026. The cited source supports every part of this claim.
The March 2024 investor update states that 816 GPUs generate an estimated ~$14-$17m of annualized hardware profit with a ~24 month payback. A footnote describes this as an illustrative figure based on stated assumptions.
Confirmed in the source:
- IREN estimates its 816 NVIDIA H100 GPUs would generate about $14-17m of annualized hardware profit
- IREN estimates a payback period of roughly 24 months for the 816 GPUs
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1878848/000114036124017811/ef20026073_ex99-1.htm) in full (16,971 characters, retrieved November 8, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms iren 8-K exhibit (ef20026073_ex99-1.htm)
Quote: “816 GPUs generates an estimated ~$14-$17m of annualized hardware profit (~24 month payback)”