• IREN Limited announced the completion of its acquisition of Ingenostrum, S.L. (Nostrum Group), a Spain-based developer of grid-connected AI data centers, marking its entry into the European market.
  • This acquisition secures approximately 490MW of power capacity in Spain, supporting IREN's strategy to meet rising AI cloud demand in Europe.
  • The stock's advance is also supported by a broader equity risk-on backdrop and general strength in the cryptocurrency market, with Bitcoin and Ethereum experiencing gains today.