NVIDIA and IREN Announce Strategic Partnership to Accelerate Deployment of Up to 5 Gigawatts of AI Infrastructure

On local time May 7, NVIDIA announced on its official website that it has entered into multiple strategic cooperation agreements with IREN. The collaboration includes supporting the deployment of up to 5 gigawatts of NVIDIA DSX-aligned AI infrastructure within IREN's global data center pipeline; jointly deploying NVIDIA accelerated computing at DSX AI Factories to expand access for AI-native startups and enterprise clients; IREN granting NVIDIA a five-year warrant to purchase up to 30 million shares of ordinary stock at an exercise price of $70 per share; and NVIDIA committing to invest up to $2.1 billion in IREN. The two parties will also jointly deploy billions of dollars worth of computing power. Future deployments are expected to focus on IREN's 2-gigawatt Sweetwater campus in Texas, which the companies expect to serve as a flagship deployment for NVIDIA's DSX architecture.