IREN Stock Forecast: $3.4B Nvidia AI Deal Sends Shares Higher
Investor enthusiasm intensified after IREN disclosed a five-gigawatt strategic partnership with Nvidia tied to future AI infrastructure deployment across its expanding global data center network. The announcement immediately reshaped market attention around the companys long-term growth story. Nvidia Partnership Reshapes IRENs AI Ambitions The biggest catalyst came from IRENs new five-year, $3.4 billion AI cloud agreement with Nvidia centered on air-cooled Blackwell GPUs. The deployment will begin within existing data center operations at Childress and is expected to ramp up in early 2027. At the same time, Nvidia secured the right to purchase up to 30 million IREN ordinary shares at $70 each over five years. If fully exercised, the arrangement could translate into as much as $2.1 billion in potential investment. That development matters because investors increasingly view access to power, cooling infrastructure, and data center capacity as critical assets in the AI race. IREN now positions itself directly inside that conversation. The company also confirmed that future deployments will focus heavily on Nvidia-aligned DSX AI factory infrastructure, particularly at its two-gigawatt Sweetwater campus in Texas. Bitcoin Mining No Longer Drives The Entire Story For years, IREN operated mainly as a Bitcoin mining company under its former Iris Energy identity. That narrative now appears to be