IREN Limited (IREN) reported August 2025 operational results showing expansion of its AI cloud service to 10,900 NVIDIA GPUs, with more than 80% being Blackwell units, according to a company statement. The digital infrastructure company secured NVIDIA Preferred Partner status and obtained approximately $200 million in non-dilutive GPU financing representing 100% of the underlying GPU purchase price. The expansion includes plans for over 9,000 Blackwell GPUs scheduled for delivery at Prince George over the coming months. Bitcoin mining operations generated $76.7 million in revenue during August, down from $83.6 million in July. The company mined 668 Bitcoin in August compared to 728 Bitcoin in July, with average operating hashrate declining to 44.0 EH/s from 45.4 EH/s. Net electricity costs per Bitcoin mined increased to $38,791 from $32,266 in the prior month. AI cloud revenue reached $2.4 million in August, up from $2.3 million in July.