On May 8, IREN Ltd rose 12.51% in regular trading, trading at $63.945/share, with trading volume of $1.216 billion.
On the news front, NVIDIA announced a strategic partnership with IREN to accelerate AI infrastructure deployment. Under the agreement, IREN granted NVIDIA a five-year warrant to purchase up to 30 million shares at a strike price of $70 per share, representing a potential investment of up to $2.1 billion. The two companies also signed a $3.4 billion AI cloud services contract for the acquisition and deployment of NVIDIA Blackwell processors, with plans to scale up to 5 gigawatts of NVIDIA infrastructure over time.
The partnership leverages NVIDIA's computing hardware alongside IREN's expertise in securing land, power, and other critical data center development resources. Notably, Microsoft previously signed a roughly $9.7 billion agreement with IREN for AI computing capacity. NVIDIA has also invested in IREN competitors such as CoreWeave and Nebius Group.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
Comments