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May 8, 2026

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

Nvidia announced a strategic partnership with data center operator IREN that includes an investment of up to $2.1 billion and plans to deploy up to 5 gigawatts of AI infrastructure to meet surging demand for artificial intelligence computing power. IREN shares initially surged in extended trading before giving back most gains.

May 8, 2026·4 sources
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Top claims

  • ▪Shares of IREN rose around 9% in extended trading following the partnership announcement with Nvidia
  • ▪The IREN and Microsoft $9.7 billion deal was signed in November 2025
  • ▪IREN signed a five-year deal worth $3.4 billion to provide Nvidia with access to managed GPU cloud services for Nvidia's internal AI and research workloads

Subtopics

AI data centers1Compute, chips & AI infrastructure1

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