NVIDIA gains a five-year option to buy 30 million Iren shares at $70 each, bolstering AI infrastructure collaboration.
NVIDIA and Iren announced a strategic partnership on May 7, 2026, to deploy up to 5 gigawatts of NVIDIA DSX-aligned AI infrastructure. The deal includes a five-year option for NVIDIA to purchase up to 30 million Iren shares at $70 each, totaling $2.1 billion.
The collaboration focuses on accelerating AI infrastructure deployment, with Iren’s 2-gigawatt Sweetwater campus in Texas serving as a flagship site. The partnership combines NVIDIA’s AI architecture with Iren’s expertise in power and data center operations.
Separately, NVIDIA and Corning also announced a multiyear partnership on May 6, 2026, to expand U.S.-based manufacturing of optical connectivity products for AI infrastructure.