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via Decrypt · By Decrypt Editorial

Bitcoin Miner IREN Secures $3.4 Billion Nvidia AI Deal, With $2.1 Billion Share Option

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Decrypt Editorial

(05:02 PM UTC)

1 min read

Verified byDavid Kim

0 comments

In brief

Nvidia and IREN Limited announced a $3.4 billion cloud services deal, with plans to deploy up to 5 gigawatts of AI infrastructure using Nvidia's DSX architecture.
Nvidia received a five-year option to purchase up to 30 million IREN shares at $70 per share, representing potential investment rights of $2.1 billion.
IREN stock surged in after-hours trading, but the buzz cooled after IREN…

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