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.
Q4 FY2026 · period ended
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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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 $41.65 on September 3, 2026. Quotes are delayed at least 15 minutes.
Over the past 52 weeks IREN has traded between $25.31 and $76.87.
IREN has a market capitalisation of about $16.41 billion.
IREN trades on NASDAQ, in the Finance Services industry.
IREN reported revenue of $137.23 million for Q4 FY2026, with a net loss of $684 million.
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