Nvidia, Iren enter partnership with Nvidia investing up to $2.1B

Nvidia (NVDA) and Iren (IREN) announced a strategic partnership “to accelerate deployment of next-generation AI infrastructure.” As part of the partnership, the companies intend to support deployment of up to 5 gigawatts of Nvidia DSX-aligned AI infrastructure across Iren’s 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 30M shares of ordinary stock at an exercise price of $70 per share, resulting in a right to invest up to $2.1B. “The partnership is intended to accelerate deployment of large-scale AI factories by combining Nvidia’s DSX AI factory architecture with Iren’s expertise across power, land, data centers, GPU deployment and infrastructure operations. 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,” the companies said.

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