Israel Renewable Energy?—No. Iren to buy Dell Blackwell systems; deal worth about $1.6 billion. Multiple outlets report that Iren (also referred to as IREN) signs an agreement with Dell to procure Blackwell AI systems for deployment in its infrastructure. Channel NewsAsia describes the purchase as roughly $1.6 billion, while Seeking Alpha adds deal details and projects how the acquisition could affect the company’s revenue profile. Seeking Alpha reports that the transaction is expected to support an increase in annual recurring revenue (ARR), citing a view that ARR could rise to about $4.4 billion following deployment. Across the sources, the focus remains on the size and purpose of the procurement: deploying Dell’s Blackwell systems under the new arrangement. The reporting does not provide additional terms such as contract duration, payment schedule, or timelines for system delivery beyond the agreement and expected operational impact discussed by Seeking Alpha. Overall, the coverage is consistent that Iren’s agreement with Dell centers on purchasing Blackwell systems valued at about $1.6 billion and that the company expects this to strengthen its recurring revenue outlook.