AcquisitionsJun 15, 2026, 07:02 AM
IREN Acquires Ingenostrum, Enters European AI Data Center Market
AI Summary
IREN Limited has completed the acquisition of Ingenostrum, S.L. (Nostrum Group), a Spanish developer of grid-connected AI data centers. This strategic move marks IREN's entry into the European market, adding approximately 490MW of secured power in Spain and a development pipeline. The acquisition also brings a team of over 50 people, establishing a strong foundation for IREN to address the rapidly growing AI Cloud demand across Europe.
Key Highlights
- IREN completed the acquisition of Ingenostrum, S.L. (Nostrum Group).
- The acquisition marks IREN's entry into the European market.
- Adds approximately 490MW of secured, grid-connected power in Spain.
- Nostrum Group brings a team of over 50 people across various functions.
- Establishes a foundation for IREN to serve AI Cloud demand in Europe.
Price Impact
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