# Iren, the Nasdaq-listed artificial intelligence data centre operator run by Australian brothers Daniel and Will Roberts, kick-started a sharemarket rollercoaster ride after announcing a multi-billion-dollar partnership with Nvidia.

*fintech · news · 2026-05-08 · Australian Financial Review*

## Key points

- Iren announced a $3.4 billion partnership deal with Nvidia to expand AI data centres.
- Nvidia will use Iren's facilities and equip them with advanced Blackwell processors.
- This arrangement exemplifies the circular economy emerging in the AI infrastructure sector.
- Iren's collaboration with Nvidia triggered significant sharemarket volatility upon announcement.

**Companies:** Nvidia, Iren
**Countries:** Australia, United States

[Read the full story on Australian Financial Review](https://www.afr.com/technology/investors-scramble-to-understand-iren-s-4-7b-nvidia-deal-20260508-p5zuxo)

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