NVIDIA and IREN have announced a strategic partnership to accelerate the deployment of large-scale artificial intelligence infrastructure globally, as demand for high-performance computing continues to rise across industries.
Under the agreement announced on Thursday, the companies said they plan to support the deployment of up to five gigawatts of NVIDIA DSX-aligned AI infrastructure across IREN’s global data centre network over time. The initial focus will be IREN’s two-gigawatt Sweetwater campus in Texas, described as a flagship site for next-generation AI factories.
The collaboration also includes deploying NVIDIA accelerated computing systems in AI factories operated by IREN to expand access to computing resources for startups, AI-native companies, and enterprise customers worldwide.
As part of the deal, IREN granted NVIDIA a five-year right to purchase up to 30 million shares of ordinary stock at an exercise price of $70 per share, representing a potential investment of up to $2.1 billion, subject to regulatory approvals and other conditions.
The announcement reflects intensifying global competition to secure AI computing infrastructure, driven by surging demand for advanced chips, cloud capacity, and hyperscale data centres following rapid adoption of generative artificial intelligence technologies.
Speaking on the partnership, Jensen Huang said AI factories are becoming central to the global economy. “AI factories are becoming foundational infrastructure for the global economy,” Huang said. “Deploying these systems at scale requires deep integration across compute, networking, software, power and operations.” He added that collaboration with infrastructure providers like IREN is essential to scaling AI systems globally, saying, “Together, we are building for the age of AI.”
IREN co-founder and co-chief executive officer Daniel Roberts described the agreement as a combination of NVIDIA’s AI systems leadership and IREN’s infrastructure expertise. “This partnership combines NVIDIA’s AI systems and architecture leadership with IREN’s expertise across power, land, data centres, GPU deployment and infrastructure operations,” Roberts said. “Together, we believe we can accelerate deployment of AI infrastructure and expand access to compute for AI-native and enterprise customers globally.”
In a separate announcement, IREN disclosed a five-year AI cloud services contract with NVIDIA valued at approximately $3.4 billion. Under the agreement, IREN will provide managed GPU cloud services for NVIDIA’s internal AI and research workloads using Blackwell-based systems deployed at its Texas facilities.
The contract will be supported by around 60 megawatts of existing infrastructure at IREN’s Childress campus, with operations expected to scale from early 2027. The announcement triggered a strong market response, with IREN shares rising in after-hours trading. Analysts say the partnership underscores growing investor confidence in the long-term expansion of AI infrastructure.
Read Also:
- Microsoft and NVIDIA Expand Partnership on Agentic and Physical AI
- Understanding NVIDIA’s AI Ecosystem: Chips, Software, Platforms
Industry observers note that the deal highlights how rapidly increasing AI workloads are reshaping global data centre demand, pushing major technology firms to secure long-term capacity agreements. With the adoption of artificial intelligence accelerating worldwide, the NVIDIA-IREN partnership is expected to significantly expand access to high-performance computing while reinforcing the role of hyperscale infrastructure in the evolving digital economy.
Senior Reporter/Editor
Bio: Ugochukwu is a freelance journalist and Editor at AIbase.ng, with a strong professional focus on investigative reporting. He holds a degree in Mass Communication and brings extensive experience in news gathering, reporting, and editorial writing. With over a decade of active engagement across diverse news outlets, he contributes in-depth analytical, practical, and expository articles exploring artificial intelligence and its real-world impact. His seasoned newsroom experience and well-established information networks provide AIbase.ng with credible, timely, and high-quality coverage of emerging AI developments.