IREN Buys Spanish Data Center Developer For Europe Expansion


IREN Buys Spanish Data Center Developer For Europe Expansion

📅 - IREN is buying Spanish developer Ingenostrum, known as Nostrum Group, in a deal that gives the Australian infrastructure company an immediate foothold in Europe's fast-heating AI data center market. The acquisition adds roughly 490MW of secured grid-connected capacity in Spain and lifts IREN's broader power portfolio to 5GW, as operators scramble for energy, land, and permitting pathways.

The timing is difficult to ignore. AI infrastructure demand is rising faster than power networks can comfortably absorb, particularly across major European markets where hyperscalers and cloud providers are already competing aggressively for capacity. Spain, until recently treated as a secondary market [...][... Check source for end of article ...]
Tags: Data Center

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