Who are IREN's key suppliers?

IREN's tracked suppliers include NVIDIA, Dell Technologies, Super Micro Computer, Vertiv, Schneider Electric, Eaton, Delta Electronics.

IREN

Q: What does IREN make?

IREN makes AI / HPC data-center hosting, Bitcoin mining operations, Liquid-cooled data-center infrastructure, IREN AI data centers, Power infrastructure and renewable energy sourcing.

Q: Who are IREN's customers?

IREN's tracked customers include Amazon (Annapurna Labs), Microsoft, Alphabet (Google), Meta Platforms, Oracle.

Q: What part of the semiconductor supply chain is IREN in?

IREN operates in the Data Center Operators (Colo) and GPU Clouds (Neoclouds) segments, where it is a market challenger.

IREN is a challenger in the AI & Data Center segment of the semiconductor & AI supply chain, headquartered in Australia. Its key suppliers include NVIDIA, Dell Technologies, Super Micro Computer. Its key customers include Amazon (Annapurna Labs), Microsoft, Alphabet (Google).

Builds and operates data centers for AI compute and bitcoin mining.

Ticker: NASDAQ: IREN
Headquarters: Australia
Revenue: $707M (FY2026) · +41.1% YoY
Net income: $-703M
Operating margin: -148.0%
Market position: challenger
Value-chain segment: Data Center Operators (Colo), GPU Clouds (Neoclouds)
Key products: AI / HPC data-center hosting, Bitcoin mining operations, Liquid-cooled data-center infrastructure, IREN AI data centers, Power infrastructure and renewable energy sourcing

About IREN

IREN, headquartered in Australia, operates in the Data Center Operators (Colo) and GPU Clouds (Neoclouds) segments of the semiconductor & AI supply chain and is positioned as a market challenger there. Its key products include AI / HPC data-center hosting, Bitcoin mining operations, Liquid-cooled data-center infrastructure, IREN AI data centers, Power infrastructure and renewable energy sourcing. wafergraph maps 7 tracked suppliers and 5 tracked customers for IREN across the value chain. It has a supply-chain criticality score of 7/100, with 19 companies downstream of it.

Role in the chain

IREN is a market challenger in AI & Data Center (Data Center Operators (Colo)), headquartered in Australia. Builds and operates data centers for AI compute and bitcoin mining.

Diligence questions

The dataset records 7 tracked suppliers for IREN. Which of those edges are researched (named in a filing or primary source) versus segment-inferred, and what happens if one of them stops shipping?
5 of IREN's tracked suppliers are a monopoly or leader (including Dell Technologies, Delta Electronics, NVIDIA, Schneider Electric). Which of those are actually single-source for the process step you care about?
The dataset names 5 tracked customers for IREN. How concentrated is demand among those names, and which of them have a documented second source in this graph?
IREN is headquartered in Australia. What jurisdiction, export-control or logistics risk sits at that HQ, versus at the fabs or plants the filings actually name?
IREN trades as NASDAQ:IREN. What does the latest reported period say about capacity and backlog versus the graph position above?
Before treating any edge as a verified relationship, check the provenance labels on the company page and the method note at /methodology.

Full diligence pack for IREN