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.
Stocks
Renewable-powered mining and AI cloud capacity.
Q4 FY2026 · period ended
Last 4 reported quarters, oldest to most recent. Bar height is revenue; the figure below each bar is net income (red = net loss).
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.
IREN websiteDaily open, high, low and close with volume.
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Computed daily from IREN's own price history — not third-party ratings. Technical analysis describes past price behaviour; it is information, not investment advice.
Based on IREN's high/low over the same history as the chart above.
Price and trailing P/E ratio next to IREN's closest covered peers.
| Company | Price | P/E (TTM) |
|---|---|---|
| IREN (IREN) | $46.15 | — |
| Microsoft (MSFT) | $497.93 | 27.7 |
| NVIDIA (NVDA) | $224.58 | 28.4 |
| CleanSpark (CLSK) | $14.26 | — |
| Riot Platforms (RIOT) | $23.48 | — |
| Hut 8 (HUT) | $101.54 | — |
Quotes are delayed at least 15 minutes. Peers come from Polygon's related-company mapping, limited to symbols this desk covers.
Market-moving headlines mentioning IREN.
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 $46.15 on September 24, 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 $18.54 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.
IREN generated a trailing twelve-month return on equity of about -16.8%.
Blockchain.News publishes IREN coverage and price forecasts on this page, with 4 stories filed so far. This is information, not investment advice.
IREN's 14-day relative strength index (RSI) is 56.0, which is neutral 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 .