NVIDIA and IREN announce strategic partnership to deploy up to 5 gigawatts of NVIDIA DSX-aligned AI infrastructure, with IREN granting NVIDIA a five-year right to purchase up to 30 million shares at $70 per share.

On May 7, 2026, NVIDIA Corporation and IREN announced a strategic partnership to accelerate deployment of up to 5 gigawatts of NVIDIA DSX-aligned AI infrastructure across IREN's global data-center pipeline. Future deployments are expected to focus on IREN's 2-gigawatt Sweetwater campus in Texas, positioned as a flagship deployment for NVIDIA's DSX architecture.

As part of the deal, IREN issued NVIDIA a five-year right to purchase up to 30 million shares at $70 per share, giving NVIDIA the right to invest up to $2.1 billion, subject to conditions. DSX encompasses accelerated compute, AI factories, networking, software, power, and operations.

The partnership reinforces NVIDIA's role as an architecture provider—extending beyond GPU sales to a broader AI infrastructure stack. Morningstar assigns NVIDIA a wide economic moat, citing its leadership across GPUs, hardware, software, and networking tools needed for AI workloads.