IREN Limited (NASDAQ: IREN) announced it has signed a five-year AI infrastructure cloud services contract with NVIDIA valued at approximately $3.4 billion.

Under the agreement, IREN will provide NVIDIA with access to managed GPU cloud services for internal AI and research workloads, including orchestration and cluster management software developed in collaboration with Mirantis.

The services will be delivered through air-cooled Blackwell platform systems deployed within approximately 60MW of IREN's existing data centers at its Childress, Texas campus.

"This contract demonstrates our ability to deliver fully managed cloud solutions, not just bare metal, to a broad and growing customer base," said Daniel Roberts, Co-Founder and Co-CEO of IREN.

IREN describes itself as a vertically integrated AI Cloud provider that delivers large-scale data centers and GPU clusters for AI training and inference. The company operates facilities across North America, Europe and Asia-Pacific regions.

The information is based on a company press release statement.