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

IREN Limited (NASDAQ:IREN) has completed its acquisition of Nostrum Group, a Spain-based developer of grid-connected AI data centers. The deal adds approximately 490MW of secured power capacity and a team of 50+ professionals, marking IREN's entry into the European AI infrastructure market. The acquisition positions IREN to capitalize on rapidly growing AI Cloud demand across Europe.