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Home/News Feed/IREN expands AI cloud presence in Europe by acquiring Spain's Nostrum Group with 490MW secured power.
IREN
$61.27
+$1.50 +2.51%

IREN expands AI cloud presence in Europe by acquiring Spain's Nostrum Group with 490MW secured power.

Company Fundamentals
15 Jun 2026
Na
View Source
Bullish
pluang ai news

IREN Limited has completed the acquisition of Nostrum Group, a Spanish developer of grid-connected AI data centers, marking IREN's entry into the European market. This deal adds about 490MW of secured power capacity and a development pipeline in Spain, enabling IREN to meet growing AI cloud demand in Europe. Nostrum's team of over 50 experts will continue operations under the IREN brand, strengthening IREN's position in the fast-growing AI infrastructure sector. The acquisition leverages Spain's renewable energy and fiber connectivity advantages to support large-scale AI data centers.

More News (IREN)

IREN acquires Spain's Nostrum Group, expanding AI cloud platform into Europe with 490MW power capacity.

IREN acquires Spain's Nostrum Group, expanding AI cloud platform into Europe with 490MW power capacity.

IREN Limited has completed the acquisition of Nostrum Group, a Spanish developer of grid-connected AI data centers, marking IREN's entry into the European market. This acquisition adds approximately 490MW of secured power capacity in Spain and includ...

Company Fundamentals
Bullish
3 hours ago
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