IREN Completes Acquisition of Nostrum Group Expanding AI Cloud Platform to Europe

IREN Limited has completed its acquisition of Ingenostrum (Nostrum Group), a Spain-based AI data center developer, marking the company's entry into the European market. The deal brings approximately 490MW of secured grid-connected power in Spain, a development pipeline, and a team of 50+ professionals. This acquisition positions IREN to capitalize on rapidly growing AI infrastructure demand in Europe.