IREN) Secures $3.4 Billion Infrastructure Deal with NVIDIA

The stock is trending following news of a massive contract with
NVIDIA, currently trading at 61.03 +4.19, gaining over 7% on a
volume of over 53 Million shares.

IREN is a vertically integrated AI cloud provider, delivering
large-scale data centers and GPU clusters for AI training and
inference. IREN’s platform is underpinned by its expansive
portfolio of grid-connected land and power in renewable-rich regions
across North America, Europe, and APAC.

Investors are excited about the sector as major hyperscalers and
enterprise AI model builders are aggressively locking in multi-year
contracts for cloud capacity and server infrastructure. Akamai
Technologies recently announced a massive $1.8 billion
infrastructure deal with a leading frontier AI model provider.

IREN today announced it has signed a five-year AI infrastructure
cloud services contract with NVIDIA.

Under the agreement, IREN will provide NVIDIA with access to managed
GPU cloud services for its internal AI and research workloads,
including orchestration and cluster management software in
collaboration with Mirantis.

The agreement will be serviced by air-cooled Blackwell platform
systems to be deployed within approximately 60 MW of IREN’s existing
data centers at its Childress, Texas campus.

The total value of the five-year contract is approximately $3.4
billion.

Daniel Roberts, Co-Founder & Co-CEO of IREN, commented:

“We are excited to further strengthen our partnership with
NVIDIA through this agreement.

This contract demonstrates our ability to deliver fully managed
cloud solutions, not just bare metal, to a broad and growing
customer base.”