PANews reported on June 16th that, according to The Block, IREN, a Bitcoin mining company transitioning to AI infrastructure, has entered the European market through the acquisition of Spanish data center developer Nostrum. This deal adds approximately 490 megawatts of grid-connected power to IREN and brings a development, engineering, construction, and operations team of over 50 people. IREN co-CEO Daniel Roberts stated that Europe is one of the largest and fastest-growing markets for AI infrastructure, and Spain boasts abundant renewable energy resources and strong fiber optic connectivity.

This acquisition comes after IREN announced its first Australian data center campus plan last month, an 800-megawatt project in South Australia that will serve the AI ​​needs of the Asia-Pacific region.