Nvidia backs IREN with up to $2.1B to build Nvidia-optimized AI data centers
TL;DR Summary
Nvidia will invest up to $2.1B in IREN via five-year warrants to buy up to 30 million IREN shares at $70, funding the build-out of up to 5 GW of Nvidia-optimized AI data-center infrastructure; IREN also has a $3.4B Nvidia AI cloud contract, and if all warrants are exercised, Nvidia’s total investment would reach $2.1B. IREN’s Q3 results were weaker than estimates.
- Nvidia to invest up to $2.1 billion in IREN in partnership that deploys as much as 5 gigawatts of its AI infrastructure Sherwood News
- NVIDIA and IREN Announce Strategic Partnership to Accelerate Deployment of up to 5 Gigawatts of AI Infrastructure NVIDIA Newsroom
- Nvidia Stock Rises After IREN AI Tie-Up. Why It Keeps Making ‘Circular’ Deals. Barron's
- IREN inks AI infrastructure deal with Nvidia CNBC
- Nvidia to invest up to $2.1 billion in IREN as part of AI data center deal Reuters
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