Mentioned:
Nvidia wants to accelerate the build out of high performance computing capacity in North America. Which is exactly why they’ve just partnered up with IREN.
What’s happening:
- IREN (NASDAQ: IREN) and Nvidia (NASDAQ: NVDA) have formed a new partnership to deploy 5 gigawatts of new physical infrastructure for artificial intelligence workloads and high performance computing
Why it matters:
- This is the first time Nvidia has struck a formal partnership with IREN
Going deeper:
- IREN has publicly stated they plan to focus on deploying more of Nvidia’s GPUs at their data centres in Canada and their 2 gigawatt Sweetwater data centre located in Texas which spans over 2,000 acres and could potentially host as many as 700,000 liquid cooled GPUs at full scale capacity
- Nvidia also has received warrants which allow them to purchase 30M common shares of IREN at $70.00 USD per share as part of the new deal
The intrigue:
- Nvidia previously made waves when they made a $2B USD strategic equity investment into Nebius (NASDAQ: NBIS) as part of a large scale partnership to deploy 5 gigawatts of high performance computing systems built by Nvidia over the next four years
