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Home/Deal Room/IREN signs $3.4B NVIDIA managed AI cloud contract

Cloud capacity · Evidence brief

IREN signs $3.4B NVIDIA managed AI cloud contract

IREN + NVIDIA + Mirantis

Primary sourcePress release only2026-05-07
Deal structureManaged GPU cloud services contract
GeographyChildress, Texas
Infrastructure layersCloud capacity + chips + data centers
Disclosed scale$3.4B five-year AI infrastructure cloud services contract; approximately 60 MW of air-cooled Blackwell systems at IREN’s Childress, Texas campus

Why it matters

The strategic read

Converts the NVIDIA/IREN relationship from strategic DSX capacity intent into a named revenue contract. NVIDIA becomes an IREN cloud-services customer for managed Blackwell capacity, pulling data-center power, GPU deployment, orchestration software, and operating execution into one source-backed deal.

Source-supported terms

What was disclosed

  1. 01

    IREN announced a five-year AI infrastructure cloud services contract with NVIDIA valued at approximately $3.4B.

  2. 02

    IREN will provide NVIDIA access to managed GPU cloud services for internal AI and research workloads.

  3. 03

    The deployment uses air-cooled Blackwell platform systems within approximately 60 MW of IREN’s existing Childress, Texas data centers.

  4. 04

    IREN said orchestration and cluster-management software will be provided in collaboration with Mirantis.

Disclosure boundary

What is known—and what is not

Public company announcement; full services agreement, deployment schedule, pricing terms, GPU count, uptime/SLA terms, and customer rights are not public in full contract form.