{"id":28221,"date":"2026-05-11T21:23:24","date_gmt":"2026-05-11T21:23:24","guid":{"rendered":"https:\/\/bitunikey.com\/news\/iren-nvidia-deal-signals-3-4b-ai-pivot\/"},"modified":"2026-05-11T21:23:40","modified_gmt":"2026-05-11T21:23:40","slug":"iren-nvidia-deal-signals-3-4b-ai-pivot","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/iren-nvidia-deal-signals-3-4b-ai-pivot\/","title":{"rendered":"IREN Nvidia deal signals $3.4B AI pivot"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">IREN has signed a $3.4 billion IREN Nvidia deal to deploy up to 5 gigawatts of AI infrastructure over five years.<\/p>\n<div id=\"cn-block-summary-block_2f9829630bf3dbc662cae776612a88c1\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>IREN will provide Nvidia with managed GPU cloud services worth $3.4 billion over five years for the chipmaker\u2019s internal AI and research workloads.<\/li>\n<li>Nvidia received a five-year warrant to purchase up to 30 million IREN shares at $70 each, representing a potential $2.1 billion equity stake.<\/li>\n<li>The partnership builds on IREN\u2019s prior $9.7 billion agreement with Microsoft, pushing the company\u2019s total committed revenue past $15 billion.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Bitcoin miner turned AI infrastructure provider IREN has <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/decrypt.co\/367289\/bitcoin-miner-iren-secures-3-4-billion-nvidia-ai-deal\" target=\"_blank\" rel=\"nofollow\">announced<\/a> a five-year, $3.4 billion AI cloud contract with Nvidia, alongside a broader strategic partnership to build out 5 gigawatts of next-generation infrastructure. The deal was disclosed alongside IREN\u2019s third-quarter FY2026 earnings on May 7.<\/p>\n<p>IREN will provide Nvidia with managed GPU cloud services for its internal AI and research workloads. The partnership centres on deploying Nvidia\u2019s DSX architecture across IREN\u2019s global data center pipeline, starting at its 2-gigawatt Sweetwater campus in Texas.<\/p>\n<h2 class=\"wp-block-heading\">What the Nvidia warrant means<\/h2>\n<p>As part of the deal, Nvidia received a five-year warrant to purchase up to 30 million IREN ordinary shares at $70 each. If fully exercised, that represents a potential equity investment of $2.1 billion, subject to regulatory approvals and GPU delivery milestones.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>IREN co-founder and co-CEO Daniel Roberts <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/decrypt.co\/367289\/bitcoin-miner-iren-secures-3-4-billion-nvidia-ai-deal\" target=\"_blank\" rel=\"nofollow\">said<\/a> the partnership \u201ccombines Nvidia\u2019s AI systems and architecture leadership with IREN\u2019s expertise across power, land, data centers, GPU deployment, and infrastructure operations.\u201d<\/p>\n<p>IREN stock surged as much as 27% in after-hours trading following the announcement, extending a run that has seen the stock climb more than 71% over the past month. IREN shares jumped sharply in 2025 as the company first disclosed its pivot toward AI cloud revenue.<\/p>\n<h3 class=\"wp-block-heading\">Scale and what comes next<\/h3>\n<p>The Nvidia deal follows IREN\u2019s November 2025 agreement with Microsoft for $9.7 billion in GPU cloud infrastructure at its Childress, Texas data center. With commitments now exceeding $15 billion across both partnerships, IREN has positioned itself as a major AI infrastructure operator.<\/p>\n<p>IREN is targeting $3.7 billion in annual recurring revenue by end of 2026 and 480 megawatts of capacity with 150,000 GPUs deployed. A further expansion to 1.2 gigawatts is already in build for 2027, with longer-term development across Texas, Spain, and Australia advancing toward the 5-gigawatt target.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>IREN has signed a $3.4 billion IREN Nvidia deal to deploy up to 5 gigawatts of AI infrastructure over five years. Summary IREN will provide Nvidia with managed GPU cloud&hellip;<\/p>\n","protected":false},"author":1,"featured_media":24479,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-28221","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/28221","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=28221"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/28221\/revisions"}],"predecessor-version":[{"id":28222,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/28221\/revisions\/28222"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/24479"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=28221"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=28221"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=28221"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}