The $2.1 Billion Infrastructure Shift: Nvidia and the IREN Deal

Breaking News To Trading Moves · May 8, 2026 · 11m

Nvidia backs IREN in a $2.1 billion AI data centre deal: what it means for AI infrastructure stocks

Nvidia is investing up to $2.1 billion in IREN as part of a wider AI data centre deal, with the companies planning to deploy up to 5 gigawatts of infrastructure to meet rising artificial intelligence demand. IREN also gave Nvidia a five-year right to buy up to 30 million shares at $70 per share, and future deployments are expected to focus on IREN’s Sweetwater campus in Texas.

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AI Chip And Accelerator Leaders

This deal reinforces the idea that AI compute demand remains strong. If Nvidia…