On May 7, 2026, NVIDIA announced a strategic partnership with AI Cloud provider IREN (NASDAQ: IREN). The two companies plan to deploy up to 5 gigawatts (GW) of NVIDIA DSX-aligned AI infrastructure across IREN's global data center pipeline over time, and IREN granted NVIDIA a five-year right to invest up to $2.1 billion (about ¥327.6 billion) ※at ¥156 per USD in IREN equity[1].

Inside the Deal — Up to 5 GW and Up to $2.1 Billion in Equity Options

The partnership has three pillars. First, NVIDIA and IREN intend to support deployment of up to 5 GW of NVIDIA DSX-aligned AI infrastructure across IREN's global data center pipeline over time[1]. Second, the two companies will collaborate on rolling out NVIDIA accelerated compute on top of DSX AI factories, expanding compute access for AI-native firms, startups, and enterprise customers[1]. Third, IREN issued NVIDIA a five-year right to purchase up to 30 million ordinary shares at an exercise price of $70 per share (about ¥10,920)[1]. If fully exercised, NVIDIA would invest up to $2.1 billion (about ¥327.6 billion) in IREN, subject to certain conditions including regulatory approval[1].

NVIDIA founder and CEO Jensen Huang stated in the release: "AI factories are becoming foundational infrastructure for the global economy. Deploying these systems at scale requires deep integration across the full stack — compute, networking, software, power and operations. IREN brings the scale and infrastructure expertise to help accelerate the buildout of next-generation AI infrastructure globally. Together, we are building for the age of AI."[1] IREN cofounder and co-CEO Daniel Roberts also emphasized the fit, saying the partnership combines "NVIDIA's AI systems and architecture leadership with IREN's expertise across power, land, data centers, GPU deployment and infrastructure operations."[1]

The DSX Flagship Will Be IREN's 2 GW Sweetwater Campus in Texas

Future deployments are expected to revolve around IREN's 2 GW Sweetwater campus in Texas, which the companies have positioned as the flagship deployment for the NVIDIA DSX architecture[1].

DSX (Vera Rubin DSX) is NVIDIA's reference design for gigawatt-class AI factories, and treats compute, power, and cooling as integrated components rather than separate systems[2]. The software stack includes the Max-Q library to optimize tokens per watt, DSX Flex for dynamic coordination with the power grid, and DSX Exchange to integrate signals across compute, networking, power and cooling[2]. The Omniverse DSX Blueprint also enables digital-twin simulation of AI factories before they are physically built[2].

The Sweetwater campus already has its first phase, Sweetwater 1 (1.4 GW), connected to the ERCOT grid, marking a milestone toward the full 2 GW buildout[3]. The power, land, and cooling prerequisites that an at-scale NVIDIA DSX deployment requires are already in place on the IREN side.

A Five-Year, $3.4 Billion AI Cloud Contract and a 27% Stock Surge

Alongside the strategic partnership, IREN also disclosed a five-year, $3.4 billion (about ¥530.4 billion) ※at ¥156 per USD AI Cloud contract with NVIDIA on the same day[4]. Under that contract, NVIDIA effectively becomes a long-term compute-capacity customer riding on IREN's infrastructure, expanding the relationship into a three-layer structure of "infrastructure provision, equity investment, and purchasing"[4].

The market reaction was sharp: IREN shares surged about 27% on the day, approaching record highs[5]. CNBC reported the stock was up 13% intraday, suggesting buying accelerated further into the close[6]. NVIDIA's AI factory strategy has clearly entered a new phase, complementing manufacturing-side partners such as Corning and Foxconn by locking in key data-center operating partners through long-term equity options.

Summary

The NVIDIA–IREN strategic partnership is a three-layer milestone — up to 5 GW of DSX AI infrastructure deployment, up to $2.1 billion in equity options, and a five-year, $3.4 billion AI Cloud contract — through which NVIDIA secures a long-term data-center operating partner. Combined with the 2 GW flagship Sweetwater campus in Texas and IREN's globally distributed grid-connected land and power, the physical foundation needed to support the volume phase of AI factories is now coming into place.

出典:https://nvidianews.nvidia.com/news/nvidia-and-iren-announce-strategic-partnership-to-accelerate-deployment-of-up-to-5-gigawatts-of-ai-infrastructure

出典:https://nvidianews.nvidia.com/news/nvidia-releases-vera-rubin-dsx-ai-factory-reference-design-and-omniverse-dsx-digital-twin-blueprint-with-broad-industry-support

出典:https://www.investing.com/news/company-news/iren-energizes-14gw-texas-data-center-site-93CH-4654389

出典:https://www.stocktitan.net/news/IREN/iren-business-update-and-q3-fy26-zi9mji7zj3yc.html

出典:https://www.investing.com/news/stock-market-news/iren-stock-surges-27-on-nvidia-partnership-for-ai-infrastructure-93CH-4669987

出典:https://www.cnbc.com/2026/05/07/iren-stock-ai-infrastructure-nvidia.html