# Who does IREN pay? Who are its key suppliers?
Canonical: https://valuechain.wiki/iren · Facet: suppliers · Updated: 2026-07-11T10:04:26.856+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: IREN's confirmed suppliers/cost counterparties include Dell, NVIDIA plus 1 undisclosed/aggregate relationship. Per the valuechain.wiki graph: 3 cost edges, backed by 3 dated sources, 1 of them primary filings (as of 2026-07-11).

### Dell (high)  → /dell.md
- metric: contract $5.8B · GPU·장비 구매 · GB300 procurement for the Microsoft contract
- note: Buys GPUs and equipment from Dell for $5.8B.
- [confirms] GlobeNewswire (EN, filing, published 2025-11-03) https://www.globenewswire.com/news-release/2025/11/03/3178993/0/en/IREN-Secures-9-7bn-AI-Cloud-Contract-with-Microsoft.html: "Buys GPUs and equipment from Dell for $5.8B."
- [confirms] GlobeNewswire (IREN PR) (EN, ir, published 2025-11-03) https://www.globenewswire.com/news-release/2025/11/03/3178993/0/en/iren-secures-9-7bn-ai-cloud-contract-with-microsoft.html: "Agreement with Dell to purchase GPUs and ancillary equipment for ~$5.8bn."

### NVIDIA (high)  → /nvidia.md
- note: Builds AI cloud on NVIDIA GB300 GPUs.
- [confirms] CNBC (EN, news, published 2026-05-07) https://www.cnbc.com/2026/05/07/iren-stock-ai-infrastructure-nvidia.html: "Builds AI cloud on NVIDIA GB300 GPUs."
- [confirms] GlobeNewswire (EN, filing, published 2025-11-03) https://www.globenewswire.com/news-release/2025/11/03/3178993/0/en/IREN-Secures-9-7bn-AI-Cloud-Contract-with-Microsoft.html: "Builds AI cloud on NVIDIA GB300 GPUs."

### 전력·액냉 데이터센터 (비공개) (low)
- note: Childress 750MW and liquid-cooled datacenter power.
- [confirms] GlobeNewswire (EN, filing, published 2025-11-03) https://www.globenewswire.com/news-release/2025/11/03/3178993/0/en/IREN-Secures-9-7bn-AI-Cloud-Contract-with-Microsoft.html: "Childress 750MW and liquid-cooled datacenter power."

Reverse side: https://valuechain.wiki/iren/customers.md · Ripple: https://valuechain.wiki/iren/ripple.md

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Full node: https://valuechain.wiki/iren.md · JSON: https://valuechain.wiki/iren.json