• IREN Limited completed the acquisition of Nostrum Group on June 15, 2026, adding 490 MW of secured, grid-connected power in Spain.
  • This deal marks IREN's entry into the European AI infrastructure market, expanding its AI cloud/data center footprint.
  • The acquisition, reported on June 17, 2026, is seen as a positive strategic move, positioning IREN to benefit from growing demand for AI compute capacity in Europe.