Sourced evidence
IREN grants NVIDIA warrants for up to 30M shares
IREN granted NVIDIA five-year warrants to buy up to 30 million shares at $70 (a potential ~$2.1B equity stake if fully exercised) alongside an AI cloud agreement; warrants not yet exercised as of announcement.
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InsightNodes, "IREN grants NVIDIA warrants for up to 30M shares" (NVIDIA). Source: The Block, May 7, 2026, https://www.theblock.co/post/400498/iren-stock-surges-as-nvidia-backs-ai-expansion-with-warrants-tied-to-30-million-shares. https://insightnodes.com/claims/e/nvidia-iren-2026-05 (accessed October 30, 2026).
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