AI data center firm IREN’s stock soars after it strikes $2.1B deal with Nvidia
UPDATED 20:59 EDT / MAY 07 2026 INFRA AI data center firm IREN’s stock soars after it strikes $2.1B deal with Nvidia Neocloud company IREN L
UPDATED 20:59 EDT / MAY 07 2026 INFRA AI data center firm IREN’s stock soars after it strikes $2.1B deal with Nvidia Neocloud company IREN Ltd. has secured a $2.1 billion commitment from the chipmaker Nvidia Corp.
as part of a new data center partnership aimed at artificial intelligence workloads. The partners plan to deploy up to 5 gigawatts of Nvidia’s DSX-branded infrastructure in the neocloud company’s global network of data centers.
Original reporting: SiliconANGLE News.
More in Business
- IMF Chief Warns of Economic Divergence and Debt Risks Amid Artificial Intelligence Boom
Kristalina Georgieva suggests that while AI could significantly boost global growth, it simultaneously threatens to widen inequality and exacerbate inflationary pressures and public debt burdens.
- California Limits Utility Profits and Expands Home Energy Role
Gov. Gavin Newsom signed laws capping utility returns on lower-risk projects and accelerating virtual power plant development.
- Lyft to Pay $272.5 Million in Record California Wage-Theft Settlement
Largest such settlement in state history resolves claims that Lyft misclassified drivers as independent contractors from 2016 to 2020, denying them core wage protections.