PartnershipMay 7, 2026, 04:36 PM
NVIDIA, IREN Partner for AI Infrastructure; NVIDIA to Invest Up to $2.1B
AI Summary
NVIDIA and IREN Limited have formed a strategic partnership to accelerate the deployment of next-generation AI infrastructure. As part of this collaboration, NVIDIA has been granted a five-year right to purchase up to 30 million shares of IREN's ordinary stock at an exercise price of $70 per share, representing a potential investment of up to $2.1 billion. The partnership intends to deploy up to 5 gigawatts of NVIDIA DSX-aligned AI infrastructure across IREN's global data center pipeline, with a focus on IREN's 2-gigawatt Sweetwater campus in Texas.
Key Highlights
- NVIDIA and IREN Limited announced a strategic partnership to accelerate next-generation AI infrastructure deployment.
- NVIDIA received a five-year right to purchase up to 30 million IREN ordinary shares at $70 per share.
- This right allows NVIDIA to invest up to $2.1 billion in IREN, subject to conditions.
- The partnership aims to support deployment of up to 5 gigawatts of NVIDIA DSX-aligned AI infrastructure.
- Future deployments are expected to focus on IREN's 2-gigawatt Sweetwater campus in Texas.