Nvidia to invest up to $2.1 billion in IREN as part of AI data centre deal
Nvidia will invest up to $2.1 billion in data centre operator IREN, as part of a broader deal to deploy up to 5 gigawatts of infrastructure to keep up with soaring artificial intelligence demand.
The tie-up, announced on Thursday, underscores the hunger for computing power amid surging adoption of AI, as frontier model developers and Big Tech firms funnel billions to secure a capacity centre
Shares of IREN were up around 9% in extended trading. The stock had closed at $56.85 in regular hours.
