IREN Stock Soars After Hours On Nvidia’s $2.1B Investment Deal

Shares of IREN Limited (IREN) jumped 21% in after-hours trading on Thursday, after the AI-cloud and data-center operator announced a strategic partnership with NVIDIA that grants the chip giant significant equity rights and commits IREN to delivering up to 5 GW of next-generation AI infrastructure.

Under the agreement, NVIDIA will receive a five-year warrant to purchase up to 30 million IREN shares at $70 per share (a potential $2.1 billion investment), while IREN will deploy massive clusters of NVIDIA’s latest GPUs across its renewable-powered campuses in Texas and Canada.

“We are excited to partner with IREN to bring scalable, sustainable AI infrastructure to market at unprecedented speed,” NVIDIA CEO Jensen Huang said in a joint statement. IREN Co-Founder and Co-CEO Daniel Roberts added: “This partnership accelerates our transition to a full-stack AI cloud leader and gives us direct access to NVIDIA’s most advanced technology roadmap.”

The move builds on IREN’s aggressive GPU expansion, including its March 2026 order of more than 50,000 NVIDIA B300 GPUs that lifted its total fleet to 150,000 units. It also complements IREN’s existing multi-billion-dollar AI cloud contract with Microsoft.

The company is slated to report its third-quarter earnings after hours on Thursday. 

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