IREN announced plans for a 300MW AI campus in Badajoz, Spain, targeting operations by 2028, which lifted shares of IREN, Cipher Digital, and Core Scientific—companies that transitioned from Bitcoin mining to AI data centers. The project still requires permits, financing, and customers, with IREN holding a civil works license and grid power. The move highlights growing interest in AI infrastructure, but investors remain cautious until IREN secures customers and funding. The broader data center market showed weaker performance, emphasizing the rally's focus on converted miners.
As of Oct 21, 2026 20:51 WIB, Cipher Mining Inc (CIFR) trades at USD 8.88 with no change in the last day, while Core Scientific Inc (CORZ) is up 1.09% at USD 13.94 on Pluang. Despite the news of IREN's AI campus plans boosting related stocks, Core Scientific faces 100% sell order activity on Pluang, contrasting with CIFR's 64% buy interest. This highlights mixed investor sentiment toward data center stocks transitioning from Bitcoin mining.
