What, IREN's stock suddenly jumped 25%? I heard it went over $71 in after-hours trading on Thursday. When I looked into the reason, I found out that a major partnership with NVIDIA was announced.



IREN, which is shifting from Bitcoin mining to AI infrastructure, will use NVIDIA's DSX architecture to deploy a network of AI data centers with a maximum of 5 gigawatts. It seems the main focus will be on a 2-gigawatt campus in Texas. NVIDIA has included warrants allowing them to purchase up to 30 million shares over five years, and if all are exercised, it amounts to a $2.1 billion investment. It also looks like this could impact NVIDIA's stock price, and I get the sense that their AI infrastructure plans are very serious.

Such large-scale partnerships can sometimes ripple through the entire AI-related stock sector, so it might be worth keeping an eye on.
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