Hydrogen metallurgy technology uses hydrogen as the reducing agent instead of carbon reduction, which is one of the important ways to reduce carbon dioxide emissions and ensure the green and sustainable development of iron and steel industry. Due to the advantages of high gas-solid contact efficiency and outstanding mass and heat transfer, direct reduction of iron ore in fluidized beds has attracted much attention. Based on the three-layer unreacted shrinking core model and considering the diversity of particle structure during the reaction process, a multi-reaction path (multi-resistance network) model was established. In this study, a coarse-grained CFD-DEM-IBM solver based on hybrid CPU–GPU computing is developed to simulate the direct reduction process of two kinds of iron ore with hydrogen in fluidized beds, where the developed unreacted shrinking core model is used to model the reduction reactions, a coarse-grained model and multiple GPUs enable the significant acceleration of particle computation, and the immersed boundary method (IBM) enables the use of simple mesh even in complex geometries of reactors. The predicted results of particle reduction degree are in good agreement with the experimental values, which proves the correctness of the CFD-DEM-IBM solver. In addition, the effects of reaction kinetic parameters and operating temperature on particle reduction degree are also investigated. Present study provides a method for digital design, optimization and scale-up of ironmaking reactors.