Nvidia to invest up to $2.1 billion in IREN in partnership that deploys as much as 5 gigawatts of its AI infrastructure
Nvidia is set to invest up to $2.1 billion in IREN, partnering to deploy 5 gigawatts of AI infrastructure across data centers. As part of the deal, IREN issued Nvidia warrants allowing the purchase of 30 million shares at $70 each, expiring in five years. Additionally, Nvidia recently announced a $500 million investment in Corning to boost its fiber optics manufacturing capacity.
Another day, another massive Nvidia warrants deal in the AI ecosystem.
Nvidia has reached an agreement with IREN to deploy up to 5 gigawatts of artificial intelligence products in its data centers.
This means that IREN will effectively be building out data centers designed by Nvidia to optimize for its hardware.
As part of the arrangement, IREN issued Nvidia warrants that expire in five years that enable the company to buy up to 30 million shares at $70 apiece. If fully exercised, that would amount to a $2.1 billion investment into IREN.
On Wednesday, Nvidia announced an investment of $500 million in fiber optics firm Corning to accelerate its manufacturing capacity.
