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First reported by bsky
IREN Acquires Nostrum Group, Adding 490MW Spanish Grid Power for AI Cloud Expansion

Our vertically integrated AI Cloud platform has arrived in Europe. Today, IREN announced it has completed the acquisition of Nostrum Group, adding 490MW of secured power in Spain to serve global deman

7d ago· 1 min readNews

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iren.gcs-web.comOur vertically integrated AI Cloud platform has arrived in Europe. Today, IREN announced it has completed the acquisition of Nostrum Group, adding 490MW of secured power in Spain to serve global demaniren.gcs-web.com
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Our vertically integrated AI Cloud platform has arrived in Europe. Today, IREN announced it has completed the acquisition of Nostrum Group, adding 490MW of secured power in Spain to serve global demand for AI compute. “Europe is one of the largest and fastest-growing markets for AI infrastructure, and Spain is among its most compelling entry points, with abundant renewables and strong fiber connectivity. Nostrum gives us secured power today along with a development pipeline and a great local team we're excited to work with.” - @danroberts0101 Learn more:

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