IREN Limited Expands AI Cloud Infrastructure into Europe with Nostrum Group Acquisition

IREN Limited has finalized its acquisition of Ingenostrum, S.L., known as Nostrum Group, a Spanish developer of AI data centers. This strategic move facilitates IREN's entry into the European market, significantly boosting its capacity with an additional 490MW of power and a robust development pipeline. The acquisition aims to address the escalating demand for AI cloud infrastructure across the continent.