NVIDIA takes $2.1bn warrant in IREN as part of 5GW AI data-centre deal
NVIDIA will invest up to $2.1bn in IREN as part of a deal that pairs the chipmaker’s reference architecture with the data-centre operator’s
NVIDIA will invest up to $2.1bn in IREN as part of a deal that pairs the chipmaker’s reference architecture with the data-centre operator’s 5-gigawatt infrastructure pipeline. The two companies announced the partnership on Thursday.
The structure is unusual. Rather than a straight equity round, IREN has issued Nvidia a five-year warrant for up to 30 million shares at an exercise price of $70.
Original reporting: The Next Web.
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