IREN stock jumps 13% after $2.1B Nvidia investment deal for AI data center expansion

IREN's shares rose 13% in extended trading after announcing a partnership with Nvidia, where Nvidia gains a five-year option to buy up to 30 million shares at $70 each. This deal allows Nvidia to invest $2.1 billion in IREN, supporting deployment of up to 5 gigawatts of Nvidia's AI infrastructure in IREN's global data centers. The partnership aims to enhance AI computing capabilities, reflecting Nvidia's strategy of integrating its technology deeply into key infrastructure. This move could significantly boost IREN's growth and AI capacity worldwide.