Key insights
- NVIDIA and IREN announced a strategic partnership to deploy up to 5 gigawatts of AI infrastructure. NVIDIA gains access to IREN's data center pipeline, while IREN benefits from NVIDIA's accelerated compute technology. NVIDIA has the right to invest up to $2.1 billion in IREN. This signals continued strong demand for AI infrastructure and reinforces NVIDIA's leading position, potentially boosting investor confidence in the tech sector.
NVIDIA (NASDAQ: NVDA) and IREN Limited (NASDAQ: IREN) (“IREN”) today announced a strategic partnership to accelerate deployment of next-generation AI infrastructure.
As part of the partnership:
- NVIDIA and IREN intend to support deployment of up to 5 gigawatts of NVIDIA DSX-aligned AI infrastructure across IREN’s global data center pipeline over time. * NVIDIA and IREN will collaborate on deployment of NVIDIA accelerated compute in DSX AI factories to expand access to AI-native, startup and enterprise customers. * As part of the partnership, IREN issued to NVIDIA a five-year right to purchase up to 30 million shares of ordinary stock at an exercise price of $70 per share, resulting in a right to invest up to $2.1 billion, subject to certain conditions including regulatory.