IREN Acquires Spanish AI Data Center Developer Nostrum, Enters European Market
IREN, an entity previously engaged in bitcoin mining, has announced its expansion into the European market. This strategic move was executed through the acquisition of Nostrum, a Spanish developer specializing in artificial intelligence (AI) data centers. The acquisition means IREN now oversees AI infrastructure projects across multiple continents, marking a significant shift in its operational focus.
IREN has made its entry into the European market with the acquisition of Nostrum, a Spanish developer focused on artificial intelligence (AI) data centers.
This acquisition marks a strategic expansion for IREN, moving beyond its previous activities in bitcoin mining. The company now manages AI infrastructure projects across multiple continents, diversifying its global operational footprint.
According to The Block Crypto, this development highlights IREN's pivot towards new technological infrastructure.
