By Blockspace Staff
Publication Date: 2026-05-07 20:58:00
NVIDIA (NASDAQ: NVDA) and IREN (NASDAQ: IREN) announced a partnership covering deployment of up to 5 gigawatts of AI infrastructure. The deal is tied to IREN’s AI cloud buildout and its existing data center footprint.
Shares of IREN jumped in after-market hours, up 22% to $69.58 as of publishing time.
IREN said on March 4, 2026, that it entered purchase agreements for more than 50,000 NVIDIA B300 GPUs. The company expects to expand its total fleet to 150,000 GPUs by the end of 2026, with deployment in phases through the second half of the year at its air-cooled data centers in Mackenzie, British Columbia, and Childress, Texas.
IREN said the expanded GPU fleet is expected to support AI Cloud annualized run-rate revenue of more than $3.7 billion by the end of 2026. The company said it has secured $9.3 billion in funding over the past eight months through customer prepayments, convertible notes, GPU leasing and GPU financing. IREN said it expects about $3.5 billion of additional capex tied to the GPU orders, covering GPUs, servers, storage, networking, labor and ancillary equipment.
“Scaling to 150,000 GPUs positions IREN among the largest AI cloud infrastructure providers globally and underscores the strength of our vertically integrated platform,” Daniel Roberts, Co-Founder and Co-CEO of IREN, said in the press release. “In…
