IREN Expands AI Infrastructure with $3.4B NVIDIA Deal

IREN co-founder Daniel Roberts has outlined the company's vision to become a vertically integrated AI infrastructure platform, emphasizing the shift from chip shortages to physical infrastructure constraints. According to CoinDesk, Roberts detailed IREN's strategy across three layers: physical infrastructure, compute infrastructure with NVIDIA GPUs, and enterprise software. IREN, formerly Iris Energy, has secured 5 gigawatts of grid-connected capacity globally and recently announced a $3.4 billion AI cloud contract with NVIDIA for Blackwell GPU deployments in Texas. IREN shares rose 10% on Thursday.