Movement Alert|IREN Ltd Rises 12.51% in Regular Trading, NVIDIA to Invest Up to $2.1 Billion in Strategic Partnership

Market Focus05-08

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.

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