Nvidia to invest up to $2.1 billion in IREN as part of AI data center deal
Reuters Thu, May 7, 2026 at 5:01 PM CDT 1 min read May 7 (Reuters) - Nvidia will invest up to $2.1 billion in data center operator IREN, as
Reuters Thu, May 7, 2026 at 5:01 PM CDT 1 min read May 7 (Reuters) - Nvidia will invest up to $2.1 billion in data center operator IREN, as part of a broader deal to deploy up to 5 gigawatts of infrastructure to keep up with soaring artificial intelligence demand. The tie-up, announced on Thursday, underscores the hunger for computing power amid surging adoption of AI, as frontier model developers and Big Tech firms funnel billions to secure capacity.
• Shares of IREN were up around 9% in extended trading. The stock had closed at $56.85 in regular hours.
Original reporting: Yahoo Entertainment.
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