IREN acquires Spanish AI data center developer Nostrum, entering the European market.

CoinFeed reported on June 16th that IREN, a Bitcoin mining company transitioning to AI infrastructure, has entered the European market through the acquisition of Spanish data center developer Nostrum. This deal adds approximately 490 megawatts of grid-connected power to IREN and brings a development, engineering, construction, and operations team of over 50 people. IREN co-CEO Daniel Roberts stated that Europe is one of the largest and fastest-growing markets for AI infrastructure, with Spain boasting abundant renewable energy and strong fiber optic connectivity. This acquisition comes after IREN announced its first Australian data center campus plan last month, an 800-megawatt project in South Australia that will serve AI needs in the Asia-Pacific region.