NVIDIA supports IREN's AI expansion with 30 million stock warrants, and IREN's stock price rose over 25% in after-hours trading

According to The Block, Bitcoin mining company turned AI infrastructure firm IREN Limited has reached a strategic partnership with NVIDIA to accelerate the deployment of next-generation AI data centers.

The two parties plan to deploy up to 5 gigawatts of NVIDIA DSX architecture AI infrastructure within IREN's global data center network, targeting AI-native, startup, and enterprise customers. As part of the agreement, IREN grants NVIDIA warrants to purchase up to 30 million shares at $70 per share over the next 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 full-stack deep integration.

Future deployments will focus on IREN's 2-gigawatt Sweetwater campus in Texas, serving as the flagship project for NVIDIA's DSX architecture. IREN co-CEO Daniel Roberts noted that this collaboration combines NVIDIA's leadership in AI systems with IREN's expertise in power, land, data centers, and GPU operations. IREN's stock price rose over 25% to above $71 in after-hours trading on Thursday.