IREN Completes Acquisition of Nostrum Group Expanding AI Cloud Platform to Europe
Summary
IREN completed its acquisition of Ingenostrum, also known as Nostrum Group, and used the deal to enter the European market. The company added about 490MW of secured grid-connected power in Spain along with a development pipeline. Nostrum’s team of more than 50 people will continue operating under the IREN brand. The acquisition supports IREN’s plan to serve rising demand for AI Cloud and high-performance computing services across Europe.
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