IREN Partners with Nvidia on Up to 5GW of AI Infrastructure, Grants 5-Year Right to Buy 30M Shares at $70

IREN shares rose 13% in extended trading on Thursday after the data center operator announced a partnership with Nvidia. Nvidia and IREN will deploy up to 5 gigawatts of Nvidia's DSX-branded infrastructure designs intended to power artificial intelligence workloads throughout IREN's data center facilities across the world.

The Australian firm will issue Nvidia a five-year right to purchase up to 30 million shares of its ordinary stock at an exercise price of $70 per share.

1 billion into IREN via the deal. "AI factories are becoming foundational infrastructure for the global economy," Nvidia CEO Jensen Huang said in a statement. " The partnership reflects Nvidia's strategy of deepening ties with infrastructure providers as demand for artificial intelligence computing grows.

Nvidia has made similar deals involving multibillion-dollar purchase agreements with Coherent and Lumentum. Nvidia made a similar deal with Corning earlier this week. Cnbc reported that IREN shares popped 13% in extended-trading on Thursday following the announcement.

The data center operator will issue Nvidia the five-year right to purchase up to 30 million shares at $70 each, according to the company. 1 billion. Huang's statement underscored the broader shift toward treating AI systems as essential economic infrastructure rather than specialized technology.

The full-stack integration he described encompasses everything from the physical chips to the power systems that keep data centers running at scale. IREN's global facilities will now form part of that expanded network. The agreement comes as Nvidia continues to expand its ecosystem beyond chip sales into long-term infrastructure and equity relationships.

Its recent deals with optical and networking specialists like Coherent, Lumentum and Corning illustrate a pattern of securing supply chain partners critical to building out AI factories. Thursday's move with IREN extends that approach into data center operations and power delivery.