Nvidia Bets $2.1 Billion On IREN To Expand AI Infrastructure

Nvidia Bets $2.1 Billion On IREN To Expand AI Infrastructure 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. The agreement is designed to accelerate the buildout of large-scale AI data centers as demand for computing...