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IREN shares pop 13% on AI infrastructure deal with Nvidia
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- IREN shares popped 13% in extended-trading on Thursday after the data center operator announced a partnership with semiconductor giant Nvidia.
- IREN will issue Nvidia a five-year right to purchase up to 30 million shares of its ordinary stock at an exercise price of $70 per share, the company said in an announcement.
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IREN shares popped 13% in extended-trading on Thursday after the data center operator announced a partnership with semiconductor giant Nvidia.
Nvidia and IREN will deploy up to 5 gigawatts of the chip maker's DSX-branded infrastructure designs intended to power artificial intelligence workloads throughout the Australian firm's data center facilities across the world.
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