Nvidia backed IREN's AI expansion with 30 million warrants, sending IREN's stock price up over 25% in after-hours trading.

CoinFeed reported on May 8th that, according to The Block, IREN Limited, a Bitcoin mining company transforming into an AI infrastructure provider, has entered into a strategic partnership with NVIDIA to accelerate the deployment of next-generation AI data centers. The two companies plan to deploy up to 5 gigawatts of NVIDIA DSX architecture AI infrastructure across IREN's global data center network, targeting AI-native, startup, and enterprise customers. As part of the agreement, IREN granted NVIDIA warrants to purchase up to 30 million shares at $70 per share over five years; if fully exercised, NVIDIA will pay $2.1 billion. NVIDIA founder and CEO Jensen Huang stated that AI factories are becoming the infrastructure of the global economy, and large-scale deployment requires deep integration across the entire stack. Future deployments will be concentrated at IREN's 2-gigawatt Sweetwater campus in Texas, serving as the flagship project for NVIDIA's DSX architecture.