IREN to build 300MW AI data center campus in Spain, targeting 2028 launch for European AI cloud services.

IREN announced plans to develop a 300MW AI data center campus in Badajoz, Spain, with operations expected to begin in 2028. This facility aims to support Europe's sovereign AI ambitions by providing managed AI cloud services with data residency and operational control. IREN Europe was established to oversee this project, led by experienced executives including Ángel Corcóstegui and Roberto Purcaro. The campus will use advanced cooling technology and be compatible with NVIDIA's AI platform, positioning IREN as a key player in Europe's AI infrastructure landscape.

IREN shares are currently trading at USD 27.57 on Pluang, showing a 3.57% gain in the last day. The stock has a market cap of $10.49 billion and a 52-week low of $26.62 as of Oct 21, 2026 18:51 WIB.