Nvidia signs a $3.4B, five-year AI cloud contract with IREN for air-cooled Blackwell GPUs at Childress

The parties

• NVIDIAcompany pageBuyer
• IRENcompany pageProvider

The source

IREN 8-K Ex. 99.1 (Q3 FY26 results), 2026-05-07Regulatory filing

Deployed within 60 MW of existing Childress data centers, ramp targeted from early 2027; supports Nvidia's internal workloads (Q3 FY26 call). Part of a 5 GW strategic partnership under which IREN issued Nvidia a five-year right to buy up to 30M IREN shares at $70 (up to $2.1B), vesting as Nvidia GPU infrastructure is deployed. Accelerator as stated: NVIDIA Blackwell (air-cooled).

The same parties, other deals

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• IREN subsidiary raises ~$3.6B ($1.5B DDTL plus $2.1B of 5.96% senior notes) against its Microsoft GPU contract$3.6B · 1 Jun 2026
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