IREN completes Nostrum acquisition, adds 490MW in Spain to expand AI cloud push in Europe

IREN Limited said it completed the acquisition of Spain-based Nostrum Group on Monday, adding 490 megawatts of secured, grid-connected power as it expands into AI cloud infrastructure. The deal marks IREN’s entry into Europe and provides a Spanish platform for artificial intelligence data center development. Nostrum Group, formally Ingenostrum, S.L., develops grid-connected AI data centers in Spain, IREN said.