{"id":971940,"date":"2026-06-15T07:06:13","date_gmt":"2026-06-15T11:06:13","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/iren-completes-acquisition-of-nostrum-group-expanding-ai-cloud-platform-to-europe\/"},"modified":"2026-06-15T07:06:13","modified_gmt":"2026-06-15T11:06:13","slug":"iren-completes-acquisition-of-nostrum-group-expanding-ai-cloud-platform-to-europe","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/iren-completes-acquisition-of-nostrum-group-expanding-ai-cloud-platform-to-europe\/","title":{"rendered":"IREN Completes Acquisition of Nostrum Group Expanding AI Cloud Platform to Europe"},"content":{"rendered":"<div class=\"mw_release\">\n<p>NEW YORK, June  15, 2026  (GLOBE NEWSWIRE) &#8212; IREN Limited (NASDAQ: IREN) (\u201cIREN\u201d) today announced it has completed the acquisition of Ingenostrum, S.L. (Nostrum Group), a developer of grid-connected AI data centers based in Spain.<\/p>\n<p>The acquisition marks IREN\u2019s entry into the European market, adding approximately 490MW of secured, grid-connected power in Spain and an additional development pipeline. Nostrum also brings a team of more than 50 people across development, engineering, construction and operations.<\/p>\n<p>The acquisition establishes a strong foundation for IREN to serve rapidly growing AI Cloud demand across Europe, one of the largest and fastest growing markets.<\/p>\n<p>Nostrum\u2019s operations will continue under the IREN brand.<\/p>\n<p>\n        <strong>Daniel Roberts, Co-Founder and Co-CEO of IREN, said:<\/strong>\n      <\/p>\n<p>\u201cEurope is one of the largest and fastest-growing markets for AI infrastructure, and Spain is among its most compelling entry points, with abundant renewables and strong fiber connectivity. Nostrum gives us secured power today along with a development pipeline and a great local team we&#8217;re excited to work with.\u201d<\/p>\n<p>\n        <strong>Gabriel Nebreda, CEO of Nostrum Group, said:<\/strong>\n      <\/p>\n<p>\u201cWe have spent years assembling one of Spain&#8217;s most advanced AI infrastructure pipelines. Joining IREN means we can now develop it at the speed and scale Europe&#8217;s rapidly growing demand for AI infrastructure requires.\u201d<\/p>\n<p>\n        <strong>About IREN<\/strong>\n      <\/p>\n<p>IREN is a vertically integrated AI Cloud provider, delivering large-scale data centers and GPU clusters for AI training and inference. IREN\u2019s platform is underpinned by its expansive portfolio of grid-connected land and power in renewable-rich regions across North America, Europe and APAC.<\/p>\n<p>\n        <strong>Contacts<\/strong>\n      <\/p>\n<p>\n        <strong>Investors<\/strong><br \/>\n        <br \/>ir@iren.com<\/p>\n<p>\n        <strong>Media<\/strong><br \/>\n        <br \/>media@iren.com<\/p>\n<p>\n        <strong>Forward-Looking Statements<\/strong>\n      <\/p>\n<p align=\"justify\">This news release contains \u201cforward-looking statements\u201d within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that involve substantial risks and uncertainties. Forward-looking statements generally relate to future events or IREN\u2019s future financial or operating performance. Forward-looking statements include information concerning possible or assumed future results of operations, including descriptions of our business plan and strategies, revenue targets and trends we expect to affect our business. These statements often include words such as \u201canticipate,\u201d \u201cbelieve,\u201d \u201cmay,\u201d \u201ccan,\u201d \u201cshould,\u201d \u201ccould,\u201d \u201cmight,\u201d \u201cplan,\u201d \u201cpossible,\u201d \u201cproject,\u201d \u201cstrive,\u201d \u201cbudget,\u201d \u201cforecast,\u201d \u201cexpect,\u201d \u201cintend,\u201d \u201ctarget\u201d, \u201cwill,\u201d \u201cestimate,\u201d \u201cpredict,\u201d \u201cpotential,\u201d \u201ccontinue,\u201d \u201cscheduled\u201d. Forward-looking statements may also be made, verbally or in writing, by members of our Board or management team in connection with this news release.<\/p>\n<p align=\"justify\">These forward-looking statements are based on management\u2019s current expectations and beliefs. These statements are neither promises nor guarantees, but involve and are subject to known and unknown risks, uncertainties and other important factors that may cause IREN\u2019s actual results, performance or achievements to differ materially from any future results performance or achievements expressed or implied by the forward-looking statements, including IREN\u2019s ability to successfully execute on its growth strategies and operating plans, achieve its targeted annualized AI Cloud revenue, continue to develop its existing data center sites, design and deploy direct-to-chip liquid cooling systems, and diversify and expand into the market for high performance computing solutions (including the market for cloud services and potential colocation services), along with other important factors discussed under the caption \u201cRisk Factors\u201d in IREN\u2019s Annual Report on Form 10-K, filed with Securities and Exchange Commission (the \u201cSEC\u201d) on August 28, 2025 and our other filings with the SEC. These and other important factors could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any forward-looking statement included in this press release speaks only as of the date of such statement. Except as required by law, IREN disclaims any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events or otherwise.<\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTc0NjkzMCM3NjU3MDM0IzIyMjMyNzQ=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/N2IyYzAwODktYjBjMS00MTQ5LTg1YzYtYzJlZTliN2RhZjVjLTEyMzQ4MjctMjAyNi0wNi0xNS1lbg==\/tiny\/IREN-Limited.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, June 15, 2026 (GLOBE NEWSWIRE) &#8212; IREN Limited (NASDAQ: IREN) (\u201cIREN\u201d) today announced it has completed the acquisition of Ingenostrum, S.L. (Nostrum Group), a developer of grid-connected AI data centers based in Spain. The acquisition marks IREN\u2019s entry into the European market, adding approximately 490MW of secured, grid-connected power in Spain and an additional development pipeline. Nostrum also brings a team of more than 50 people across development, engineering, construction and operations. The acquisition establishes a strong foundation for IREN to serve rapidly growing AI Cloud demand across Europe, one of the largest and fastest growing markets. Nostrum\u2019s operations will continue under the IREN brand. Daniel Roberts, Co-Founder and Co-CEO of IREN, said: \u201cEurope is one of the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/iren-completes-acquisition-of-nostrum-group-expanding-ai-cloud-platform-to-europe\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;IREN Completes Acquisition of Nostrum Group Expanding AI Cloud Platform to Europe&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-971940","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>IREN Completes Acquisition of Nostrum Group Expanding AI Cloud Platform to Europe - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/iren-completes-acquisition-of-nostrum-group-expanding-ai-cloud-platform-to-europe\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IREN Completes Acquisition of Nostrum Group Expanding AI Cloud Platform to Europe - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, June 15, 2026 (GLOBE NEWSWIRE) &#8212; IREN Limited (NASDAQ: IREN) (\u201cIREN\u201d) today announced it has completed the acquisition of Ingenostrum, S.L. (Nostrum Group), a developer of grid-connected AI data centers based in Spain. The acquisition marks IREN\u2019s entry into the European market, adding approximately 490MW of secured, grid-connected power in Spain and an additional development pipeline. Nostrum also brings a team of more than 50 people across development, engineering, construction and operations. The acquisition establishes a strong foundation for IREN to serve rapidly growing AI Cloud demand across Europe, one of the largest and fastest growing markets. Nostrum\u2019s operations will continue under the IREN brand. Daniel Roberts, Co-Founder and Co-CEO of IREN, said: \u201cEurope is one of the &hellip; Continue reading &quot;IREN Completes Acquisition of Nostrum Group Expanding AI Cloud Platform to Europe&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/iren-completes-acquisition-of-nostrum-group-expanding-ai-cloud-platform-to-europe\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-06-15T11:06:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTc0NjkzMCM3NjU3MDM0IzIyMjMyNzQ=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/iren-completes-acquisition-of-nostrum-group-expanding-ai-cloud-platform-to-europe\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/iren-completes-acquisition-of-nostrum-group-expanding-ai-cloud-platform-to-europe\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"IREN Completes Acquisition of Nostrum Group Expanding AI Cloud Platform to Europe\",\"datePublished\":\"2026-06-15T11:06:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/iren-completes-acquisition-of-nostrum-group-expanding-ai-cloud-platform-to-europe\\\/\"},\"wordCount\":641,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/iren-completes-acquisition-of-nostrum-group-expanding-ai-cloud-platform-to-europe\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTc0NjkzMCM3NjU3MDM0IzIyMjMyNzQ=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/iren-completes-acquisition-of-nostrum-group-expanding-ai-cloud-platform-to-europe\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/iren-completes-acquisition-of-nostrum-group-expanding-ai-cloud-platform-to-europe\\\/\",\"name\":\"IREN Completes Acquisition of Nostrum Group Expanding AI Cloud Platform to Europe - 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Daniel Roberts, Co-Founder and Co-CEO of IREN, said: \u201cEurope is one of the &hellip; Continue reading \"IREN Completes Acquisition of Nostrum Group Expanding AI Cloud Platform to Europe\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/iren-completes-acquisition-of-nostrum-group-expanding-ai-cloud-platform-to-europe\/","og_site_name":"Market Newsdesk","article_published_time":"2026-06-15T11:06:13+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTc0NjkzMCM3NjU3MDM0IzIyMjMyNzQ=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/iren-completes-acquisition-of-nostrum-group-expanding-ai-cloud-platform-to-europe\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/iren-completes-acquisition-of-nostrum-group-expanding-ai-cloud-platform-to-europe\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"IREN Completes Acquisition of Nostrum Group Expanding AI Cloud Platform to Europe","datePublished":"2026-06-15T11:06:13+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/iren-completes-acquisition-of-nostrum-group-expanding-ai-cloud-platform-to-europe\/"},"wordCount":641,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/iren-completes-acquisition-of-nostrum-group-expanding-ai-cloud-platform-to-europe\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTc0NjkzMCM3NjU3MDM0IzIyMjMyNzQ=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/iren-completes-acquisition-of-nostrum-group-expanding-ai-cloud-platform-to-europe\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/iren-completes-acquisition-of-nostrum-group-expanding-ai-cloud-platform-to-europe\/","name":"IREN Completes Acquisition of Nostrum Group Expanding AI Cloud Platform to Europe - 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