
Nvidia backs IREN with up to $2.1B to build Nvidia-optimized AI data centers
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.













