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Iren stock jumps as Nvidia invests $2.1B to build 5GW AI infrastructure globally

Company Fundamentals
07 May 2026
Market Watch
View Source
Bullish
pluang ai news

Iren's shares surged after Nvidia announced a major investment of up to $2.1 billion, securing a five-year option to buy 30 million shares at $70 each. This partnership aims to deploy 5 gigawatts of infrastructure to support Nvidia's global AI factories across Iren's data centers. Despite Iren's recent revenue shortfall, the deal highlights strong confidence in its future growth driven by AI technology expansion. This collaboration positions Iren as a key player in the AI infrastructure market moving forward.

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