Movement Alert｜IREN Ltd Rises 6.82% in After-Hours Trading, Secures $3.4 Billion AI Cloud Contract with NVIDIA and Announces Strategic Partnership

Market Focus05-08

On May 7, IREN Ltd rose 6.82% in after-hours trading, trading at $60.5/share, with trading volume of approximately $409,000.

The surge was driven by multiple major announcements. IREN signed a five-year AI infrastructure cloud services contract with NVIDIA valued at $3.4 billion, significantly bolstering its revenue visibility. Simultaneously, NVIDIA and IREN announced a strategic partnership to accelerate the deployment of next-generation AI infrastructure targeting up to 5 gigawatts of capacity.

In addition, IREN announced an agreement to acquire Ingenostrum, S.L. (Nostrum Group), a next-generation data center operator, expanding its AI cloud platform into Europe. These developments follow IREN's earlier announcement of a definitive agreement to acquire Mirantis to strengthen its AI cloud delivery capabilities, which had already propelled the stock higher in prior sessions.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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