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Everyone and their grandmother waited to disclose AI deals during quarterly earnings, with IREN, Hut 8, and Cipher Digital announcing new tenants and massive expansion plans.
A partnership with an AI leader has investors excited.
Power infrastructure, land, data centers—these take years to permit, finance, and build. This quarter, we demonstrated what disciplined execution against it looks like at a global scale. In AI infrastructure, secured power is only valuable if it can be converted into customer-ready compute.
Nvidia gains rights to invest up to $2.1 billion in IREN as companies race to lock down massive AI compute capacity.
IREN posts a wider Q3 net loss and revenue plunge sequentially as bitcoin mining weakens, though AI cloud growth and a major NVIDIA deal boost momentum.
IREN (NasdaqGS:IREN) has agreed to acquire Spain based data center developer Nostrum Group. The deal marks IREN's first entry into Europe and adds nearly 500MW to its secured power and development pipeline. Nostrum Group brings on the ground development teams in Spain to support IREN's expansion plans. IREN has been known primarily as a Bitcoin miner, and more recently for its push into AI infrastructure through deals such as the Mirantis partnership, Sweetwater 1 energization, and work...
IREN announced a strategic partnership with Nvidia, as well as a separate deal to provide cloud services for the artificial intelligence chip giant.
Iren shares jumped Friday after the Bitcoin miner turned data center company announced a new deal with Nvidia.
Market Catalysts host Julie Hyman takes a look at some of Friday's trending tickers and stories. CoreWeave (CRWV) stock is sinking after the company issued weak revenue guidance. IREN (IREN) stock is surging on news that Nvidia (NVDA) is investing up to $2.1 billion in the company. Rocket Labs (RKLB) stock is skyrocketing on the company's strong quarterly sales numbers. Wendy's (WEN) stock is on the rise after the company beat Wall Street's earnings estimates.
Shares of IREN Limited (NASDAQ:IREN) are climbing Friday, extending a powerful run after the company unveiled a transformational partnership with NVIDIA (NASDAQ:NVDA). IREN stock changed hands near $61, building on a 5% opening pop. The reaction follows an 8-K filed May 7 at 9:05 p.m. ET detailing a $3.4 billion AI Cloud contract alongside a five-year ... IREN Jumps 7% on $3.4 Billion NVIDIA AI Cloud Deal, $2.1 Billion Share Investment Option
A new five-year AI cloud agreement with NVIDIA positions IREN to scale beyond infrastructure hosting into managed GPU cloud services for enterprise AI workloads. Key Investor TakeawaysThe $3.
The chipmaker secured a 5-year option to buy 30 million IREN shares as part of a deal to deploy 5 gigawatts of AI infrastructure
Dow Jones futures: President Donald Trump says a U.S.-Iran ceasefire is intact despite clashes. Rocket Lab, Cloudflare and IREN are big earnings movers.
IREN Stock Jumps on Game-Changing Nvidia AI Cloud Partnership
Nvidia may invest up to $2.1 billion as AI infrastructure demand keeps rising.
IREN (NASDAQ:IREN) used its fiscal third-quarter earnings call to highlight a rapid expansion in AI data center capacity, a new long-term customer agreement with NVIDIA, and continued progress in shifting its business mix away from Bitcoin mining and toward AI Cloud services. Strategic focus: conve
IREN Limited (NASDAQ: $IREN) shares jumped in after-hours trading on Thursday after the company announced a new Nvi...
NVIDIA (NasdaqGS:NVDA) and IREN Limited agreed to deploy up to 5 gigawatts of next generation AI infrastructure. NVIDIA also partnered with Span and PulteGroup to create distributed fractional data centers that use residential grid capacity for AI workloads. These partnerships expand NVIDIA's reach across large scale facilities and more distributed, community level compute nodes. NVIDIA, traded on NasdaqGS:NVDA, is a central supplier of GPUs and software that power many AI data centers and...
IREN Limited (NASDAQ: IREN) shares jumped 27% to $72.28 during after-hours trading on May 7, The move came after the company closed the prior session down 6.77% at $56.85. At press time, the stock had pulled back slightly to $69.45, still up 21.55%. The catalyst was a new strategic ...
IREN (NasdaqGS:IREN) has become a focus stock after unveiling a partnership with NVIDIA to support up to 5 gigawatts of AI infrastructure, together with a potential US$2.1b equity investment via warrants. See our latest analysis for IREN. The share price has been volatile, with a 1-day share price return of a 6.77% decline contrasting with a 7-day gain of 24.92% and a 30-day jump of 59.07%. The 1-year total shareholder return is very large at over 7x, suggesting momentum has been building as...
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.
Bitcoin miner IREN continues its shift to AI infrastructure with a new strategic partnership with Nvidia. IREN stock rallies.
Iran deal doubts hit stocks Thursday, but Nvidia, Tesla were strong. CoreWeave, Rocket Lab, Cloudflare were earnings movers late. The jobs report is on deck.
IREN and NVIDIA announced a strategic partnership to accelerate deployment of up to 5 gigawatts of AI infrastructure, as IREN targets 150,000 GPUs by end of 2026.
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