Nvidia Partners With IREN on Up to 5 Gigawatts of AI Infrastructure, Sending Shares Higher

IREN shares jumped after the company announced a strategic partnership with Nvidia to speed up the buildout of AI infrastructure. The deal calls for support for up to 5 gigawatts of Nvidia DSX-aligned AI infrastructure across IREN’s global data center pipeline over time.

As part of the agreement, IREN said it plans to deploy Nvidia’s Blackwell GPUs under a $3.4 billion AI cloud contract. The company said the rollout will begin within 60 megawatts of existing data centers at Childress and that it is targeting a ramp from early 2027.

IREN also said it gave Nvidia a five-year right to buy up to 30 million shares of IREN common stock at $70 per share. That would give Nvidia the right to invest up to $2.1 billion, subject to certain conditions.

The company said the partnership is part of its broader growth plan, with expansion to $3.7 billion in annual recurring revenue on track and more AI cloud capacity under build for 2027 and beyond. IREN shares rose sharply in extended trading after the announcement.

IREN announced a strategic partnership with Nvidia to help deploy up to 5 gigawatts of AI infrastructure across its data center pipeline.

Nvidia received a five-year right to buy up to 30 million IREN shares at $70 each, which could amount to up to $2.1 billion if certain conditions are met.

Investors reacted positively to the Nvidia partnership and the potential for a large AI infrastructure buildout.

IREN said the partnership includes a $3.4 billion AI cloud contract for air-cooled Blackwell GPUs.

CNBC

For an $18 billion market-cap company, data-center owner Iren trades like one of the AI giants.

GlobeNewsWire

NEW YORK and SANTA CLARA, May 07, 2026 (GLOBE NEWSWIRE) -- 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...

GlobeNewsWire

$3.4bn AI Cloud Contract & 5GW Strategic Partnership with NVIDIA 2026 Expansion to $3.7bn ARR On Track 1 2027 Expansion to 1.2GW of AI Cloud Capacity In Build 2028+ Expansion Across North America, Europe and APAC Underway NEW YORK, May 07, 2026 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (“IREN”...

CNBC

IREN stock rose in extended-trading on Thursday after the data center operator announced a partnership with semiconductor giant Nvidia. The data center operator will issue Nvidia a five-year right to purchase up to 30 million shares of its ordinary stock at an exercise price of $70 per share.

Market Watch

Shares of the neocloud company Iren soared after the bell Thursday following a slew of fresh developments: an earnings report, an acquisition and a critical new artificial-intelligence infrastructure partnership with Nvidia.

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.

Benzinga

IREN Ltd. (NASDAQ:IREN) stock soared after the company announced a partnership with NVIDIA Corp. (NASDAQ:NVDA) and reported third-quarter results after Thursday's closing bell.

GlobeNewsWire

NEW YORK, May 07, 2026 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (“IREN”) today announced it has signed a five-year AI infrastructure cloud services contract with NVIDIA.

Investors Business Daily

Bitcoin miner IREN continues its shift to AI infrastructure with a new strategic partnership with Nvidia. IREN stock rallies.

Invezz

Nvidia and IREN announced a strategic partnership on Thursday aimed at accelerating the deployment of next-generation artificial intelligence infrastructure, as global demand for computing power continues to surge. As part of the agreement, Nvidia will gain the right to invest up to $2.1 billion in...

Barrons

Nvidia stock and IREN were both rising after the companies agreed to deploy five gigawatts of AI infrastructure.

Seeking Alpha

IREN Limited remains a buy as it pivots from Bitcoin mining to cloud services, supported by major strategic partnerships and acquisitions. IREN's transition to AI-focused datacenters is driving rapid revenue growth, with cloud services nearly doubling QoQ, though most revenue is still from Bitcoin....

Seeking Alpha

IREN Limited is rapidly transitioning from Bitcoin mining to AI cloud infrastructure, leveraging its renewable power assets and major partnerships. IREN secured a $10 billion Microsoft contract and a significant Nvidia partnership, targeting $3.7 billion in ARR by the end of 2026, with $3.1 billion...

Seeking Alpha

After Microsoft's $9.7B and Nvidia's $3.4B deals, I see IREN Limited's perception shifting from an ordinary bitcoin miner to an emerging neocloud platform. In my view, power is the core asset, with secured grid-connected capacity rising to 5GW globally, including 4.5GW in North America. IREN targets...

24/7 Wall Street

Shares of IREN Limited (NASDAQ:IREN) are climbing Friday, extending a powerful run after the company unveiled a transformational partnership with NVIDIA (NASDAQ:NVDA | NVDA Price Prediction).

Investopedia

Iren's stock is rallying Friday after a win for the Bitcoin miner's pivot to being a data center company.

Seeking Alpha

IREN Limited missed revenue estimates by 34%, yet shares rallied after announcing a $3.4 billion Nvidia AI cloud agreement. AI Cloud revenue surged 94% sequentially to $33.6 million as Bitcoin mining revenues declined during ASIC decommissioning. IREN now has $3.1 billion ARR contracted and targets...

CNBC Television

Data center operator IREN announced a partnership with semiconductor giant Nvidia on Thursday. It is the latest in a series of partnerships for Nvidia.

Zacks Investment Research

IREN posts a wider Q3 net loss and revenue plunge sequentially as bitcoin mining weakens, though AI cloud growth and a major NVIDIA deal boost momentum.

Seeking Alpha

IREN Limited (Iris Energy) is rapidly expanding data center infrastructure, shifting focus from Bitcoin mining to AI-driven growth. With $2.2B in cash and significant advance payments, IREN's aggressive $1.3B/quarter capex is supported, but convertible debt poses dilution risk. Nvidia's five-year op...

The Motley Fool

Today, May 8, 2026, a massive Nvidia-backed AI cloud push is reshaping this crypto miner into a vertically integrated data center player.

CNBC

This week Nvidia agreed to invest up to $3.2 billion in glass maker Corning and $2.1 billion in data center operator IREN. It's part of the company's aggressive strategy to take stakes in companies up and down the AI infrastructure stack while also doing commercial deals with them.

24/7 Wall Street

Shares of IREN (NASDAQ:IREN) are down roughly 9% in early Monday trading to $55.83, giving back a chunk of Friday's powerful rally.

24/7 Wall Street

JPMorgan Chase (NYSE:JPM | JPM Price Prediction) raised its price target on Iren (NASDAQ:IREN) stock to $46 from $39 while keeping an Underweight rating.

Benzinga

Nvidia Corp (NASDAQ:NVDA) may be revealing a new AI playbook — and IREN Limited (NASDAQ:IREN) is starting to look a lot like the next CoreWeave, Inc. (NASDAQ:CRWV).