IREN and Nvidia's $3.4B Deal: The Neocloud Era Has Arrived
1mo agoen
From the article
On May 7, 2026, IREN — a former Bitcoin miner — signed a $3.4B five-year AI cloud contract with Nvidia, plus a $2.1B equity warrant. Together they signal that the center of gravity in AI infrastructure is shifting from hyperscalers to a new category of purpose-built compute providers.
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