IREN acquired Nostrum, adding 490MW capacity and European infrastructure. Spain strengthens IREN’s expansion plans through power and expertise. Microsoft ties, Nvidia partnerships support bro
IREN has strengthened its artificial intelligence infrastructure strategy through the acquisition of Spain-based data center developer Nostrum Group. According to the press release, the deal adds approximately 490 megawatts of secured, grid-connected power capacity, giving the company a stronger foothold in the European AI market.
The acquisition marks another step in IREN’s transition from bitcoin mining into AI and high-performance computing infrastructure. Moreover, the company gains access to an experienced workforce of more than 50 employees across engineering, development, construction, and operations.
As demand for AI computing resources continues to rise, infrastructure providers are racing to secure power and data center capacity. Consequently, the Nostrum acquisition gives IREN additional resources to support the expansion of its global AI cloud platform.
The company completed the purchase of Ingenostrum, S.L., which operates under the Nostrum Group brand and specializes in developing AI-focused data center projects throughout Spain.
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According to IREN Co-Founder and Co-CEO Daniel Roberts, Europe remains one of the largest and fastest-growing markets for AI infrastructure. He said Spain stands out because of its renewable energy resources and strong fiber connectivity, which are critical for large-scale data center operations.
The acquisition immediately expands IREN‘s power portfolio at a time when AI companies are seeking reliable infrastructure to meet growing computing demands. Additionally, it provides the company with an established development platform in a region attracting increasing investment from technology firms.
Beyond the power assets, Nostrum brings a team with expertise across multiple areas of data center development. This operational experience is expected to support IREN’s future expansion plans throughout Europe.
The transaction follows another major infrastructure announcement made by the company in recent weeks. IREN recently unveiled plans for its first Australian data center campus, an 800-megawatt project in South Australia designed to support AI demand across the Asia-Pacific region.
IREN has spent the past year broadening its business beyond cryptocurrency mining. The company secured a multibillion-dollar AI cloud agreement with Microsoft and expanded its relationship with Nvidia as part of its push into AI infrastructure services.
Furthermore, the company has continued increasing its data center footprint across several international markets. These investments reflect a broader strategy focused on serving the rapidly growing demand for artificial intelligence and high-performance computing.
The Nostrum acquisition strengthens IREN’s AI infrastructure push by expanding its European presence, increasing available power capacity, and supporting its ongoing transformation into a global provider of AI computing infrastructure.
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