IREN Acquires Spanish AI Data Center, Adds 490 MW Capacity
IREN's Nostrum Group acquisition adds 490 MW in Spain, marking its entry into Europe's growing AI cloud market amid a strategic shift from Bitcoin mining.
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Renewable-powered mining and AI cloud capacity.
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IREN owns data centers powered by renewable energy in Canada and the US for bitcoin mining and AI cloud infrastructure. The company is in the process of converting its existing bitcoin capacity for AI purposes and securing new power and land supply to expand its data center operation. IREN works closely with industry leaders in AI, such as Microsoft, to support their cloud infrastructure ambitions.
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Compare reported revenue growth, profitability and valuation. Related companies can have different business models and fiscal calendars.
| Company | Latest close | Revenue growth (YoY) | Net margin (TTM) | P/E (TTM) | P/S (TTM) |
|---|---|---|---|---|---|
| IREN (IREN) | $30.56 | — | — | — | — |
| Microsoft (MSFT) | $533.69 | — | — | — | — |
| NVIDIA (NVDA) | $221.30 | — | — | — | — |
| Riot Platforms (RIOT) | $15.10 | — | — | — | — |
| CleanSpark (CLSK) | $9.23 | — | — | — | — |
| Hut 8 (HUT) | $74.87 | — | — | — | — |
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IREN's Nostrum Group acquisition adds 490 MW in Spain, marking its entry into Europe's growing AI cloud market amid a strategic shift from Bitcoin mining.
IREN (IREN) last closed at $30.56 on October 14, 2026. Quotes are delayed at least 15 minutes.
Over the past 52 weeks IREN has traded between $28.93 and $76.87.
IREN has a market capitalisation of about $13.71 billion.
IREN trades on NASDAQ, in the Finance Services industry.
Blockchain.News publishes IREN coverage and price forecasts on this page, with 8 stories filed so far. This is information, not investment advice.
IREN's 14-day relative strength index (RSI) is 26.6, which is oversold on the standard 30/70 scale. RSI measures the speed of recent price moves, not a price target — this is not investment advice.
IREN's 50-day moving average is currently below its 200-day moving average — a Death Cross (bearish long-term trend) in classic technical-analysis terms. Moving-average crossovers describe past price behaviour, not a forecast.
Coverage is for information only and is not investment advice. Stock prices can move quickly and past performance does not guarantee future results.
Quotes are delayed at least 15 minutes. Last updated .