IREN lands $3.4B NVIDIA AI cloud deal as neocloud battle intensifies
IREN, a vertically integrated AI cloud provider has signed a five-year AI infrastructure cloud services contract with NVIDIA.
The contract is valued at approximately $3.4 billion and IREN will provide NVIDIA with managed GPU cloud services for AI and research workloads, including orchestration and cluster management software in collaboration with Mirantis.
The services will utilize air-cooled Blackwell platform systems to be deployed within approximately 60MW at IREN’s Childress, Texas data centers.
IREN recently announced its plan to acquire Mirantis in a bid to strengthen its AI cloud delivery capabilities.
“We are excited to further strengthen our partnership with NVIDIA through this agreement,” says Daniel Roberts, co-founder & co-CEO of IREN. “This contract demonstrates our ability to deliver fully managed cloud solutions, not just bare metal, to a broad and growing customer base.”
IREN is leveraging its vertically integrated power and infrastructure footprint to move up the stack into higher-margin AI cloud services, a broader industry trend as GPU infrastructure providers compete with hyperscalers for enterprise and research AI workloads.
The inclusion of Mirantis also reinforces the growing importance of software orchestration and cluster management as differentiators in AI infrastructure delivery. Overall, this announcement signals continued maturation of the AI infrastructure ecosystem and further blurring of lines between hyperscalers, neoclouds, and next-generation GPU infrastructure operators.
This aligns with broader market trends around AI-driven infrastructure expansion, cloud ecosystem evolution, and the rise of GPU-oriented neocloud providers.
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