Nvidia (NVDA.US) takes a stake in Nebius (NBIS.US) iREN/HUT8 to win a 10 billion single AI cloud circuit

According to Woofun AI, independent computing power operators IREN (IREN.US), Hut 8 (HUT.US), and Nebius (NBIS.US) collectively changed their share prices. The core driving force stemmed from Nvidia (NVDA.US)'s disclosure of 9.3% beneficial ownership of Nebius through SEC documents, and the first two companies each received huge cloud computing orders.

This series of events marks the official entry of the Neocloud circuit into a period of capital-intensive explosion. Wall Street analyst Zhao Ying pointed out that construction bottlenecks in hyperscale cloud service providers are forcing tech giants to spill infrastructure spending to third parties at an accelerated pace, opening up huge market space for independent operators.

The results of iREN and HUT 8's business transformation have recently been concentrated, with the two companies' stock prices soaring by more than 19% and 10%, respectively. IREN announced that it has signed multi-year cloud computing contracts worth a total of 2.8 billion US dollars with customers such as Microsoft (MSFT.US), Nvidia, Perplexity, and FigureAI, and based on this, it raised the annual AI cloud service annualized operating revenue target from 3.7 billion US dollars to more than 4 billion US dollars, of which 85% are already supported by signed contracts. The company plans to expand its data center capacity from the current 480 megawatts to 1.2 gigawatts in 2027. As a representative of the transformation from Australian Bitcoin mining company Iris Energy, IREN is seizing the opportunity by building its own renewable energy-powered data center.

Meanwhile, Hut 8 announced that it has completed the full lease of its Beacon Point data center campus in Texas and signed a 15-year, $9.8 billion lease with an unnamed high-investment-grade enterprise, and the tenant doubled its contracted computing power capacity to 704 megawatts. If the extension option is included, the total potential value of the agreement could exceed 50 billion US dollars, and the total value of the 15-year contract also reached 19.6 billion US dollars.

Although Hut 8's stock price has increased more than fourfold over the past 12 months, by the close of last Friday, it had fallen more than 30% from its high in early June. B. Riley analyst Nick Giles recommended active purchases in the research report. It is expected that the stock price will quickly return to the previous high after the announcement.

According to data compiled by Woofun AI, Nebius' valuation logic was further endorsed by the agency. Nvidia's 9.3% beneficial ownership consists of 1.19 million existing shares and approximately 21 million prepaid warrants, corresponding to approximately US$2 billion.

Although this shareholding relationship is not new information, the official disclosure significantly boosted market sentiment and propelled Nebius to rise after the market. Wolfe Research predicts Nebius' annual revenue will reach $30 billion by 2030. The company has previously recorded 684% year-on-year revenue growth and has signed long-term agreements with Meta (META.US) and Microsoft. The contract backlog has reached several billion dollars and has locked in more than 3.5 gigawatts of electricity capacity. Driven by sector sentiment, NeoCloud leader CoreWeave (CRWV.US) rose about 3.5% on Monday, and Nebius rose about 2.6% during the day.

From a structural point of view, the concentrated explosion of these three companies reflects the current core competitive elements of the Neocloud circuit: power resources, GPU supply, and customer lock-up capabilities. Structural bottlenecks in hyperscale cloud service provider data center construction are creating continuous bargaining space for independent operators that can quickly integrate these resources. For investors, the signal of this round of market prices is that tech giants' AI infrastructure spending is spilling over to third-party NeoCloud operators at an accelerated pace, and Nvidia's direct investment in Nebius has further strengthened the market's confidence in the long-term value of this racetrack.