IREN Secures $3.4 Billion Contract with Nvidia, Accelerating AI Infrastructure Business

IREN Limited has signed a 5-year, $3.4 billion infrastructure cloud service supply contract with Nvidia, marking a significant strategic shift from its Bitcoin mining-centric business to AI and high-performance computing infrastructure. The agreement involves utilizing 60MW capacity at IREN's Childress facility in Texas to meet Nvidia's AI computing demands.

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