Nvidia Bets $2.1 Billion On IREN To Expand AI Infrastructure
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Source: Zero Hedge
Published: 2026-05-09 01:00 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Transport, Technology & AI, Financial Markets
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Snippet:
Nvidia is expanding beyond chip sales and putting more capital directly into the infrastructure needed to power AI. The company said it could invest up to $2.1 billion in IREN through a deal that gives Nvidia the right to buy as many as 30 million shares at $70 each over the next five years, according to Bloomberg.
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