A note IREN Crying After $3.4B NVIDIA AI Cloud Deal appeared for the first time Coinpedia Fintech News
IREN has announced a massive $3.4 billion AI deal with NVIDIA, including an option for NVIDIA to spend $2.1 billion. The deal triggered a trading boom, with the IREN NASDAQ trading volume exceeding AUD$10 billion per share. Bernstein also initiated coverage on the company with a $100 price target following the announcement. The partnership positions IREN as a growing player in cloud AI solutions amid growing corporate demand for high-performance computing.
