Nvidia to invest up to $2.1 billion in IREN for AI data centers

On 2026-05-07, Nvidia said it will invest up to $2.1 billion in data center operator IREN as part of a broader AI infrastructure deal. The partnership is intended to deploy up to 5 gigawatts of infrastructure and accelerate large-scale AI factory buildout, with future deployments expected to focus on IREN's Sweetwater campus in Texas.