Nvidia Invests NT$66 Billion in IREN, Targeting Large AI Park in Texas
Nvidia is investing up to $2.1 billion (approximately NT$66 billion) in data center operator IREN as part of a collaboration to deploy up to 5GW of infrastructure. This partnership aims to meet the surging demand for AI computing, with a focus on a large AI park in Sweetwater, Texas.
📋 Article Processing Timeline
- 📰 Published: May 8, 2026 at 13:46
- 🔍 Collected: May 8, 2026 at 14:01 (15 min after Published)
- 🤖 AI Analyzed: May 8, 2026 at 23:18 (9h 16m after Collected)
Central News Agency
(Central News Agency, Sweetwater, Texas, May 7) As demand for artificial intelligence (AI) rapidly escalates, Nvidia will invest up to US$2.1 billion (approximately NT$66 billion) in data center operator IREN as part of a collaboration to deploy up to 5GW (Gigawatt) of infrastructure.
Reuters reported that Nvidia and IREN announced this partnership today, highlighting the strong demand for computing power as AI applications rapidly proliferate. Companies developing advanced AI models and large technology companies are investing billions of dollars to ensure access to sufficient computing power.
Following the announcement, IREN's stock price surged approximately 9% in after-hours trading today.
Under the agreement, IREN grants Nvidia a five-year right to acquire up to 30 million shares of IREN stock at a price of US$70 per share.
Four major US tech giants stated in their earnings reports last week that AI spending will not slow down, with combined capital expenditures expected to exceed US$700 billion this year.
Nvidia and IREN stated that this collaboration will combine Nvidia's factory architecture with IREN's infrastructure operating capabilities to accelerate large-scale AI factory deployment.
Future deployment efforts are expected to focus on IREN's 2GW Sweetwater campus in Texas.
IREN previously signed a US$9.7 billion cloud collaboration agreement with Microsoft last year.
IREN is a so-called "neocloud" company, which provides cloud computing services using Nvidia processors, allowing large technology companies to obtain AI computing power without having to build new data centers themselves.
(Central News Agency, Sweetwater, Texas, May 7) As demand for artificial intelligence (AI) rapidly escalates, Nvidia will invest up to US$2.1 billion (approximately NT$66 billion) in data center operator IREN as part of a collaboration to deploy up to 5GW (Gigawatt) of infrastructure.
Reuters reported that Nvidia and IREN announced this partnership today, highlighting the strong demand for computing power as AI applications rapidly proliferate. Companies developing advanced AI models and large technology companies are investing billions of dollars to ensure access to sufficient computing power.
Following the announcement, IREN's stock price surged approximately 9% in after-hours trading today.
Under the agreement, IREN grants Nvidia a five-year right to acquire up to 30 million shares of IREN stock at a price of US$70 per share.
Four major US tech giants stated in their earnings reports last week that AI spending will not slow down, with combined capital expenditures expected to exceed US$700 billion this year.
Nvidia and IREN stated that this collaboration will combine Nvidia's factory architecture with IREN's infrastructure operating capabilities to accelerate large-scale AI factory deployment.
Future deployment efforts are expected to focus on IREN's 2GW Sweetwater campus in Texas.
IREN previously signed a US$9.7 billion cloud collaboration agreement with Microsoft last year.
IREN is a so-called "neocloud" company, which provides cloud computing services using Nvidia processors, allowing large technology companies to obtain AI computing power without having to build new data centers themselves.