IREN AND NVIDIA INK $3.4B AI CLOUD DEAL, $2.1B SHARE OPTIONAI Cloud provider IREN Limited (@IREN_Ltd) and @nvidia announced a five-year, $3.4 billion managed GPU cloud services contract, paired with a strategic partnership to deploy up to 5 gigawatts of AI infrastructure.Under the contract, IREN will deliver air-cooled Blackwell systems across roughly 60 megawatts at its Childress, Texas campus. The broader 5 gigawatt partnership will run on Nvidia's DSX architecture, beginning at IREN's 2 gigawatt Sweetwat ...

Nvidia has really just spent the last four months quietly locking in every layer of the AI infrastructure stack, not just with purchase orders, but with equity stakes in its own partners. The latest, a partnership with data center company that you talked about that gives Nvidia the right to invest up to $2.1% billion in the company, plus a commitment to deploy up to 5 gawatt of Nvidia aligned AI infrastructure. Nvidia will also lease back GPU cloud services from IRN under a separate $3.4% billion deal that ...