Why it matters
The strategic read
Turns IREN from a GPU-cloud/miner transition story into a named NVIDIA DSX AI factory buildout candidate with power, land, and financing signal attached.
Source-supported terms
What was disclosed
- 01
NVIDIA and IREN intend to support deployment of up to 5 GW of NVIDIA DSX-aligned AI infrastructure over time.
- 02
IREN’s 2 GW Sweetwater, Texas campus is expected to serve as the flagship DSX deployment.
- 03
NVIDIA received a five-year right to purchase up to 30M IREN ordinary shares at $70/share, up to $2.1B subject to conditions.
Disclosure boundary
What is known—and what is not
Public announcement available; full definitive agreement or warrant/right agreement not yet located in public exhibits.