IREN shares pop 13% on AI infrastructure deal with Nvidia

IREN shares soared after the data center operator announced a partnership with semiconductor giant Nvidia.

Iren’s stock soars as a major Nvidia investment overshadows revenue shortfall

Nvidia is taking a major stake in Iren to build out a 5-gigawatt global footprint for its AI factory ambitions

By Christine Ji

How Karnataka aims to tackle data centre ‘heat islands’ through sustainable cooling and water conservation

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 comput...

By Tyler Durden

Data Centers Aren’t the Enemy — They’re the Future

For a bunch of unremarkable warehouses, they’re generating a lot of controversy. Data centers — low-slung facilities that house the server racks and energy systems that underpin the digital economy — have become a heated issue on the campaign trail. Politicians from both parties are pushing bills to restrict them. Some want a nationwide “moratorium.” That would be a historic mistake.

By The Editors