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Bitcoin Miner IREN Secures $3.4 Billion Nvidia AI Deal, With $2.1 Billion Share Option
IREN's deal with Nvidia follows the company's November 2025 agreement with Microsoft for $9.7 billion in GPU cloud infrastructure powered by Nvidia GB300 GPUs at its Childress, Texas data center. That deal included a $5.8 billion purchase agreement with Dell Technologies for computing equipment.
The scale of these deals underscores how AI infrastructure providers are becoming critical intermediaries between chip manufacturers and enterprise customers seeking dedicated compute capacity. With commitments now exceeding $15 billion across Nvidia and Microsoft partnerships, IREN has emerged as a major player in AI infrastructure deployment.
Increasing Competition
The Nvidia-IREN deal reflects intensifying competition for AI compute infrastructure. Hut 8 recently signed a $9.8 billion AI data center lease, pushing its stock price to all-time highs, while firms like Core Scientific and Terawulf have similarly signed multi-billion-dollar compute deals with AI giants.
This article has been published in Decrypt via Yahoo News.
Bitcoin Miner IREN Secures $3.4 Billion Nvidia AI Deal, With $2.1 Billion Share Option
Nvidia gains rights to invest up to $2.1 billion in IREN as companies race to lock down massive AI compute capacity.
finance.yahoo.com
