Nvidia to Invest Up to $2.1 Billion in IREN as Part of AI Data Center Partnership

May 8, 2026

Nvidia announced a strategic partnership with data center operator IREN that includes the right to invest up to $2.1 billion through a five-year option to purchase 30 million IREN shares at $70 per share, subject to regulatory approvals. The partnership aims to deploy up to 5 gigawatts of Nvidia DSX-aligned AI infrastructure across IREN's global data center pipeline, with focus on IREN's 2-gigawatt Sweetwater campus in Texas. IREN shares rose 9% in extended trading from a $56.85 close before giving back most gains. The deal comes as major US technology companies plan to exceed $700 billion in combined capital expenditure this year to meet surging AI computing demand.

Nvidia's $2.1 Billion Investment Agreement with IREN

▪The Nvidia investment in IREN remains subject to certain conditions, including regulatory approvals
▪IREN stock had closed the regular trading session at $56.85
▪Nvidia will gain the right to invest up to $2.1 billion in IREN through a five-year option to purchase up to 30 million shares of IREN stock at an exercise price of $70 per share
▪Shares of IREN rose around 9% in extended trading following the partnership announcement with Nvidia

AI Infrastructure Deployment and Partnership Scope

▪IREN signed a $9.7 billion cloud agreement with Microsoft last year
▪Combined capital expenditure by major US technology companies is expected to exceed $700 billion this year
▪The Nvidia and IREN partnership is expected to support the deployment of up to 5 gigawatts of Nvidia DSX-aligned AI infrastructure across IREN's global data center pipeline over time