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Nvidia will invest up to $2.1 billion in data center operator IREN.
Nvidia will invest up to $2.1 billion in data center operator IREN.
KEY POINTS
- Nvidia received a five-year right to purchase up to 30 million IREN shares at $70 each.
- Future deployments will concentrate on IREN's 2-gigawatt Sweetwater campus in Texas.
- IREN is classified as a 'neocloud,' selling cloud services built specifically on Nvidia's processors.
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