IREN Jumps 27% After NVIDIA AI Partnership

IREN Limited shares rose 27% after announcing a strategic partnership with NVIDIA to deploy up to 5 GW of AI infrastructure.
NVIDIA received a five‑year option to buy up to 30 million IREN shares at $70 each, potentially worth $2.1 billion, pending approval.
IREN also agreed to acquire Spain‑based Ingenostrum, S.L., adding about 490 MW of power and expanding its portfolio to 5 GW.
The partnership will focus on IREN’s 2‑GW Sweetwater campus in Texas as the flagship deployment for NVIDIA’s DSX AI factories.