IREN Acquires Nostrum, Expands European AI Cloud Platform

IREN has acquired Nostrum, a move that secures approximately 490 megawatts of power in Spain. This acquisition facilitates IREN's strategic expansion beyond its traditional Bitcoin mining operations. The company is now focusing on the development of a European AI cloud platform.

By Fainaron·Jun 16, 2026 (2 hours ago)·1 views

IREN Acquires Nostrum, Expands European AI Cloud Platform

IREN has announced its acquisition of Nostrum, a development that includes securing approximately 490 megawatts of power infrastructure within Spain.

This strategic acquisition is part of IREN's broader initiative to expand its business activities beyond Bitcoin mining. The company is currently engaged in building out a European AI cloud platform, marking a significant diversification of its operations.

According to Cointelegraph, this acquisition supports IREN's accelerated pivot towards AI infrastructure within Europe.

#iren #nostrum #acquisition #spain #ai cloud #bitcoin mining #europe

Source attribution: This article was AI-curated and rewritten by Fainaron from a piece originally published by Cointelegraph. Read the original at Cointelegraph →

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IREN Acquires Nostrum, Expands European AI Cloud Platform

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