Nvidia commits $2.1 billion to IREN in massive AI infrastructure partnership for global expansion
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Nvidia to invest up to $2.1 billion in IREN as part of AI data center deal
May 7 (Reuters) - Nvidia (NVDA.O), opens new tab will invest up to $2.1 billion in data center operator IREN (IREN.O), opens new tab, as part of a broader deal to deploy up to 5 gigawatts of infrastructure to keep up with soaring artificial intelligence demand. The tie-up, announced on Thursday,
[2]
IREN shares pop 13% on AI infrastructure deal with Nvidia
IREN shares popped 13% in extended-trading on Thursday after the data center operator announced a partnership with semiconductor giant Nvidia. Nvidia and IREN will deploy up to 5 gigawatts of the chip maker's DSX-branded infrastructure designs intended to power artificial intelligence workloads
[3]
Bitcoin Miner IREN Secures $3.4 Billion Nvidia AI Deal, With $2.1 Billion Share Option - Decrypt
The partnership centers on deploying Nvidia's DSX architecture across IREN's global data center pipeline, with implementation beginning at the company's 2-gigawatt Sweetwater campus in Texas. As part of the agreement, Nvidia received a five-year option to purchase up to 30 million IREN shares at
[4]
AI data center firm IREN's stock soars after it strikes $2.1B deal with Nvidia - SiliconANGLE
AI data center firm IREN's stock soars after it strikes $2.1B deal with Nvidia Neocloud company IREN Ltd. has secured a $2.1 billion commitment from the chipmaker Nvidia Corp. as part of a new data center partnership aimed at artificial intelligence workloads. The partners plan to deploy up to
[5]
Investors scramble to understand Iren's $4.7b Nvidia deal
Iren, the Nasdaq-listed artificial intelligence data centre operator run by Australian brothers Daniel and Will Roberts, kick-started a sharemarket rollercoaster ride after announcing a multi-billion-dollar partnership with the world's most valuable company, Nvidia. In a deal that highlights the
[6]
This Bitcoin Miner's Pivot to AI Just Won a Fresh Vote of Confidence From Nvidia
Get personalized, AI-powered answers built on 27+ years of trusted expertise. Iren's stock is rallying Friday after a win for the Bitcoin miner's pivot to being a data center company. Shares of Iren (IREN) were up over 7% in recent trading after announcing a five-year, $3.4 billion deal with chip
[7]
Nvidia to invest up to $2.1 billion in IREN as part of AI data centre deal - The Economic Times
Nvidia is investing up to $2.1 billion in data centre operator IREN to deploy 5 gigawatts of AI infrastructure, addressing the immense demand for computing power. This partnership aims to accelerate AI factory deployment by integrating Nvidia's architecture with IREN's operations, with future focus
[8]
IREN's Nvidia-Deal-Driven Momentum Slows -- Here's Why Shares Are Under Pressure - IREN (NASDAQ:IREN), NVIDI
IREN (NASDAQ:IREN) has been one of the most hyped AI infrastructure stocks on the market. However, despite the strong performance, the stock fell sharply on Monday morning. This overnight change seemed strange at first look. Because, not too long ago, IREN inked a significant five-year cloud
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Nvidia's IREN Deal Looks Increasingly Like A CoreWeave Repeat - CoreWeave (NASDAQ:CRWV), IREN (NASDAQ:IRE
The sequence immediately drew comparisons to CoreWeave, another Nvidia-aligned AI infrastructure company that became one of the biggest beneficiaries of Wall Street's AI spending frenzy. The CoreWeave Pattern That financing spree followed years of aggressive capital raises tied to Nvidia-powered
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IREN Shares Slide On Proposed $2 Billion Convertible Notes Offering - IREN (NASDAQ:IREN)
IREN stock is among today's weakest performers. What's behind IREN decline? What Investors Need To Know About IREN's $2B Offering IREN intends to use a portion of the proceeds to fund capped call transactions, which are designed to reduce potential equity dilution for existing shareholders upon
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IREN stock surges 27% on Nvidia partnership for AI infrastructure By Investing.com
Investing.com -- IREN Limited (NASDAQ:IREN) shares surged 27% following the announcement of a strategic partnership with NVIDIA (NASDAQ:NVDA) to deploy up to 5 gigawatts of AI infrastructure and a separate agreement to acquire Spain-based data center developer Nostrum Group. Under the partnership,
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IREN's Next Stop Could Be $100 Thanks To Nvidia Partnership: Bernstein - IREN (NASDAQ:IREN)
The new target, with a reaffirmed outperform rating, implies roughly 76% upside from IREN's May 7 closing price of $56.85. NVIDIA Partnership Changes The Story Bernstein analysts said the long-term strategic agreement gives IREN both critical AI infrastructure credibility and stronger access to
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Nvidia to invest up to $2.1 billion in IREN as part of AI data center deal
May 7 (Reuters) - Nvidia will invest up to $2.1 billion in data center operator IREN, as part of a broader deal to deploy up to 5 gigawatts of infrastructure to keep up with soaring artificial intelligence demand. The tie-up, announced on Thursday, underscores the hunger for computing power amid
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CoreWeave CEO Says Nvidia Must Expand AI Capacity Or Risk Losing Customers To AMD As IREN Deal Boosts Inf
Nvidia Expands AI Infrastructure To Defend Market Leadership He noted that Nvidia, now valued at around $5 trillion, must ensure it delivers sufficient AI computing capacity across the entire technology stack, warning that failure to do so could push customers toward rivals such as AMD. Intrator
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Nvidia has secured a major AI data center partnership with IREN, committing up to $2.1 billion through a share option deal. The agreement includes deploying 5 gigawatts of Nvidia DSX infrastructure across IREN's global facilities, with IREN providing $3.4 billion in GPU cloud services to Nvidia over five years. IREN stock surged over 27% initially as investors reacted to the deal.
Nvidia and IREN Strike Massive AI Data Center Partnership
Nvidia has committed up to $2.1 billion to data center operator IREN through a comprehensive AI data center partnership that underscores the explosive demand for computing power in the artificial intelligence sector . The IREN Nvidia deal, announced Thursday, centers on deploying up to 5 gigawatts of Nvidia DSX infrastructure across IREN's global data center network, with implementation beginning at the company's 2-gigawatt Sweetwater campus in Texas
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Source: SiliconANGLE
Under the agreement, IREN will issue Nvidia a five-year share option to purchase up to 30 million shares of ordinary stock at an exercise price of $70 per share, potentially generating the full $2.1 billion investment
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. This structure reflects how Big Tech firms are securing strategic positions in AI infrastructure providers to guarantee access to critical computing capacity as artificial intelligence workloads continue to surge.GPU Cloud Services and Circular AI Economy
IREN will provide Nvidia with $3.4 billion in managed GPU cloud services over five years for the chipmaker's internal AI and research workloads
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. This arrangement highlights what analysts describe as the circular economy of AI infrastructure, where data centers filled with Nvidia's advanced Blackwell AI chips simultaneously serve the chipmaker's own computational needs5
."AI factories are becoming foundational infrastructure for the global economy," Nvidia CEO Jensen Huang stated. "Deploying these systems at scale requires deep integration across the full stack -- compute, networking, software, power and operations"
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. The partnership combines Nvidia's AI systems and architecture leadership with IREN's expertise across power, land, data centers, GPU deployment, and infrastructure operations, according to IREN co-founder and co-CEO Daniel Roberts3
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Source: Financial Review
IREN Stock Surges as Company Expands Footprint
IREN stock jumped 13% in extended trading following the announcement, with shares initially spiking above $72 from a closing price of $56.85 before settling to an 8% gain
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. At one point, the stock performance showed gains exceeding 27% as investors digested the scale of the partnership4
. Investment bank Bernstein placed a $100 price target on IREN shares following the announcements3
.Simultaneously, IREN announced the acquisition of Spain-based data center developer Ingenostrum, adding 490 megawatts of grid-connected power in Spain. This brings IREN's total power portfolio to 5 gigawatts, matching the scale of the planned Nvidia infrastructure deployment
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.Related Stories
From Bitcoin Mining to GPU-as-a-Service Dominance
New York-based IREN began in 2018 as an Australian bitcoin mining startup originally called Iris Energy. The company pivoted to capitalize on the AI boom, rebranding as IREN in 2024 and positioning itself as a GPU-as-a-service provider
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. The company's cloud services platform provides customers with bare metal GPU servers and allows enterprises to set up custom AI data centers on IREN's campuses.This Nvidia partnership follows IREN's November 2025 agreement with Microsoft for $9.7 billion in GPU cloud infrastructure powered by Nvidia GB300 GPUs at its Childress, Texas facility, which included a $5.8 billion purchase agreement with Dell Technologies for computing equipment
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. With commitments now exceeding $15 billion across Nvidia and Microsoft partnerships, IREN has positioned itself as a critical intermediary between chip manufacturers and enterprise customers seeking dedicated compute capacity for AI applications. NVDA shares continue trading near all-time highs above $215, having jumped 83% over the past year3
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Source: ET
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