Partners pledge $2B equity, 5GW power-supply commitments to back NVIDIA's AI expansion to 2030

NVIDIA has spent 2026 turning customer relationships into long-dated infrastructure pacts. Company releases and partner statements show a pattern across CoreWeave, Nebius and IREN: multiyear agreements tied to gigawatt-scale data center buildouts, access to NVIDIA’s current and next-generation systems, and equity investments or equity-linked rights that run through 2030. The numbers are large and unusually specific. CoreWeave said on January 26 that NVIDIA invested $2 billion in its Class A common stock at $87.20 a share as part of a plan to build more than 5 gigawatts of AI factories by 2030. Nebius said on March 11 that NVIDIA would invest $2 billion as the companies work toward more than 5 gigawatts of capacity by the end of 2030. IREN said on May 7 that NVIDIA received a five-year right to buy up to 30 million shares at $70 each, a potential $2.1 billion investment, alongside a plan for up to 5 gigawatts of AI infrastructure. (coreweave.com) ### Which deals are actually on the record? CoreWeave, Nebius and IREN each published formal announcements in 2026 describing strategic partnerships with NVIDIA. CoreWeave’s January 26 release said the companies were expanding their relationship to accelerate more than 5 gigawatts of AI factories by 2030. Nebius’s March 11 release said its partnership would enable deployment of more than 5 gigawatts of NVIDIA systems by the end of 2030. IREN’s May 7 release said the companies would support deployment of up to 5 gigawatts of NVIDIA DSX-aligned AI infrastructure across IREN’s global data center pipeline over time. (coreweave.com) Those announcements support the broad claim that NVIDIA is pairing capital with supply and engineering commitments. They do not, however, show one single umbrella transaction announced on May 15, 2026. Instead, they show separate deals struck across several months with similar structure and time horizon. ### Where does the “$2 billion” figure come from? (coreweave.com) CoreWeave’s figure is direct equity. Its January 26 release said NVIDIA invested $2 billion in CoreWeave Class A common stock at a purchase price of $87.20 per share. Nebius also described its March 11 arrangement as a $2 billion NVIDIA investment. IREN’s number is structured differently. Its May 7 release said NVIDIA received a five-year right to purchase up to 30 million ordinary shares at an exercise price of $70 per share, creating a right to invest up to $2.1 billion, subject to conditions including regulatory approval. (coreweave.com) ### What does 5 gigawatts mean in these announcements? Nebius and CoreWeave both tied the 5-gigawatt figure to AI factory buildouts by 2030. IREN tied it to deployment of NVIDIA DSX-aligned AI infrastructure across its global data center pipeline, with future deployments expected to focus on its 2-gigawatt Sweetwater campus in Texas. NVIDIA has been using “AI factory” and “DSX” language more broadly in its infrastructure push. (investor.nvidia.com) A company release from October 2025 said its Virginia AI Factory Research Center would help lay groundwork for multi-generation, gigawatt-scale buildouts, while the May 7 IREN release said Sweetwater is expected to serve as a flagship deployment for NVIDIA’s DSX architecture. (coreweave.com) ### Do the deals promise priority access to Blackwell and Rubin? CoreWeave’s release said the companies would deploy multiple generations of NVIDIA infrastructure through early adoption of architectures including Rubin, Vera CPUs and BlueField storage systems. Nebius used nearly identical language, saying NVIDIA would support early adoption of its latest accelerated computing platform and naming Rubin, Vera CPUs and BlueField systems. (investor.nvidia.com) Blackwell appears in the CoreWeave announcement through customer demand language from Chief Executive Michael Intrator, who said “Blackwell provides the lowest cost architecture for inference.” Rubin is already a named next-generation platform in NVIDIA’s January 5 product launch, which said CoreWeave would be among the first to offer Rubin. None of the releases reviewed here explicitly use the phrase “priority access” in the excerpts available. (coreweave.com) What they do show is early-adoption language, multigeneration deployment plans and long-dated capacity targets through 2030. ### What comes next in these partnerships? IREN said on May 7 that future deployments are expected to center on its Sweetwater campus in Texas, and the company separately said on May 14 that it had closed a $3.0 billion convertible notes offering. (coreweave.com) CoreWeave said its partnership covers early adoption of Rubin and other NVIDIA platforms. Nebius said its target is more than 5 gigawatts of NVIDIA systems by the end of 2030. (investor.nvidia.com)