# IREN has signed a $3.4 billion IREN Nvidia deal to deploy up to 5 gigawatts of AI infrastructure over five years.

*semiconductor · news · 2026-05-11 · Crypto News*

## Key points

- IREN and Nvidia signed a $3.4 billion contract for up to 5 gigawatts of AI infrastructure.
- Nvidia received a warrant to buy 30 million IREN shares at $70 each over five years.
- The partnership will deploy Nvidia's DSX architecture, starting with IREN's 2-gigawatt Sweetwater campus.
- IREN now has over $15 billion in AI infrastructure commitments with Nvidia and Microsoft combined.
- IREN aims for $3.7 billion annual revenue and to deploy 150,000 GPUs by end of 2026.

**Companies:** Nvidia, IREN
**Countries:** United States, Spain, Australia

[Read the full story on Crypto News](https://crypto.news/iren-nvidia-deal-worth-3-4b-over-five-years/)

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