Mon, Jun 15, 2026
IREN completes acquisition of Nostrum Group, entering the European market
Key points
- Acquisition of Ingenostrum, S.L. (Nostrum Group), a Spain-based developer of grid-connected AI data centers, completed
- Adds ~490MW of secured, grid-connected power in Spain plus an additional development pipeline
- Nostrum brings a 50+ person team across development, engineering, construction and operations; operations continue under the IREN brand
- Marks IREN's entry into the European AI infrastructure market
Acquisition
Ingenostrum, S.L. (Nostrum Group)Completed
Ingenostrum, S.L. (Nostrum Group) is a developer of grid-connected AI data centers based in Spain.
- Adds ~490MW of secured, grid-connected power in Spain, plus an additional development pipeline
- 50+ person team across development, engineering, construction and operations
- Marks IREN's entry into the European AI infrastructure market
- Operations continue under the IREN brand
- Financial consideration not disclosed
Acquisition of Ingenostrum, S.L. (Nostrum Group) completed.
Site update
| Site | Status | Active | In build | Theoretical |
|---|---|---|---|---|
NostrumBadajoz Acquired via the Nostrum Group acquisition (Jun 15, 2026): ~490MW of secured, grid-connected power in Spain, IREN's first European site. | Disclosed | — | — | 490 MWgross |