Nvidia and IREN, a vertically integrated AI Cloud provider, have partnered to accelerate the rollout of up to 5GW of AI infrastructure, with an associated investment right of up to $2.1bn.
Under the partnership, both companies plan to deploy Nvidia data centre design and simulation (DSX)-aligned infrastructure within IREN’s global data centre development.
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The collaboration will centre on integrating Nvidia’s accelerated computing technology in DSX AI factories to widen access for start-ups and enterprise clients.
Under the arrangement, IREN has granted NVIDIA a five-year option to buy up to 30 million ordinary shares at $70 per share, allowing NVIDIA to invest up to $2.1bn, subject to regulatory approvals and other specified conditions.
This investment mechanism is designed to support the partnership’s long-term objectives.
The companies intend to focus initial development at IREN’s 2GW Sweetwater campus in Texas, which is expected to represent a primary deployment site for Nvidia’s DSX architecture.
Nvidia founder and CEO Jensen Huang said: “AI factories are becoming foundational infrastructure for the global economy. Deploying these systems at scale requires deep integration across the full stack – compute, networking, software, power and operations.
“IREN brings the scale and infrastructure expertise to help accelerate the buildout of next-generation AI infrastructure globally. Together, we are building for the age of AI.”
IREN co-founder and co-CEO Daniel Roberts said: “This partnership combines Nvidia’s AI systems and architecture leadership with IREN’s expertise across power, land, data centres, GPU deployment and infrastructure operations.
“Together, we believe we can accelerate deployment of AI infrastructure and expand access to compute for AI-native and enterprise customers globally.”
IREN provides vertically integrated AI cloud services, including large-scale data centres and GPU clusters for AI workloads.
Its operations are supported by a portfolio of grid-connected land and power in regions with high levels of renewable energy across North America, Europe, and the Asia-Pacific.
