Iren Partners with Nvidia to Boost AI Data Centers
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 31 2026
0mins
Source: NASDAQ.COM
- Strategic Partnership: Iren's agreement with Nvidia enables the deployment of AI chips for up to 5 gigawatts in its data centers, significantly enhancing Iren's revenue potential and solidifying its leadership in the data center market.
- Equity Investment Opportunity: Nvidia has the right to purchase up to 30 million shares of Iren at $70 each over the next five years, which could amount to a $2.1 billion investment, further strengthening the strategic relationship between the two companies.
- Annual Revenue Increase: Iren raised its annual revenue run rate from $3.7 billion to $4.4 billion due to the partnership with Nvidia, indicating strong growth potential in the AI market while also providing Nvidia with increased chip sales opportunities.
- Expanded Customer Base: Iren signed a five-year agreement with Nvidia for 60 megawatts of existing capacity valued at $3.4 billion, further solidifying Iren's position in the AI cloud services market and laying the groundwork for future business growth.
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Analyst Views on IREN
Wall Street analysts forecast IREN stock price to rise
12 Analyst Rating
8 Buy
2 Hold
2 Sell
Moderate Buy
Current: 54.350
Low
39.00
Averages
80.40
High
136.00
Current: 54.350
Low
39.00
Averages
80.40
High
136.00
About IREN
IREN Limited is an Australia-based company, which owns and operates data centers powered by 100% renewable energy. Its facilities are optimized for Bitcoin mining, artificial intelligence (AI) cloud services, and other power-dense compute. Its data center mining facilities are in Canal Flats, Mackenzie, Prince George and Childress. Bitcoin Mining provides security to the Bitcoin network. Al Cloud Services provides cloud compute to Al customers, approximately 1,896 NVIDIA H100 and H200 GPUs. Its Canal Flats facility is in the Canadian Rockies, 100 kilometers (km) from Cranbrook regional airport and 500km east of Vancouver. Its facility is in Prince George, the city in northern British Columbia, located 500 km north of Vancouver. Its facility is located in Childress County, Texas, over 250 miles northwest of Dallas and in close proximity to multiple wind and solar generating facilities in the region. Its Childress operations comprise 200 Mega Watt of operating data centers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Partnership with Nvidia: IREN formed a new partnership with Nvidia to support the deployment of up to 5 GW of Nvidia DSX AI factory architecture, with Nvidia receiving a five-year warrant to purchase 30 million shares of IREN stock at $70 each, indicating confidence in IREN's infrastructure.
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