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Published on May 08, 2026<\/p>\n
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(Investorideas.com Newswire) A trusted platform for investment ideas, including AI and tech stocks, issues a news and trading alert for IREN Limited (Nasdaq: IREN<\/a>).\n <\/p>\n
The stock is trending up after news of a big contract with NVIDIA, currently trading at 61.03 +4.19, up over 7% on volume of over 53 million shares.\n <\/p>\n IREN is a vertically integrated AI cloud provider, providing large-scale data centers and GPU clusters for AI training and inference. IREN’s platform is based on its extensive portfolio of grid-connected land and power in renewable rich regions in North America, Europe and APAC.\n <\/p>\n Investors are bullish on the sector as major hyperscalers and enterprise AI model builders are aggressively locking in multi-year contracts for cloud capacity and server infrastructure. Akamai Technologies recently announced a major infrastructure deal worth $1.8 billion with a leading frontier AI model provider.\n <\/p>\n IREN today announced that it has signed a five-year AI infrastructure cloud services contract with NVIDIA.\n <\/p>\n Under the agreement, IREN will provide NVIDIA access to managed GPU cloud services for its internal AI and research workloads, including orchestration and cluster management software in collaboration with Mirantis.\n <\/p>\n The agreement will be powered by air-cooled Blackwell Platform systems, which will be deployed within approximately 60 MW of existing data centers at IREN’s Childress, Texas campus.\n <\/p>\n The total value of the five-year contract is approximately $3.4 billion.\n <\/p>\n Daniel Roberts, co-founder and co-CEO of IREN, commented:<\/p>\n
<\/p>\n \u201cWe are excited to further strengthen our partnership with NVIDIA through this agreement.\n <\/p>\n
<\/p>\n This contract demonstrates our ability to provide not just bare metal, but fully managed cloud solutions to a broad and growing customer base.\n <\/p>\n
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Published on May 08, 2026
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