Bitcoin miner IREN enters Europe with Nostrum acquisition as AI pivot accelerates
CoinTelegraph·
60-second summary
IREN is entering the European market by acquiring Nostrum, a move that adds approximately 490 megawatts of secured power in Spain, expanding IREN's operations beyond Bitcoin mining. This strategic acquisition is part of IREN's pivot towards AI, as it builds its European AI cloud platform, further solidifying its position in the growing AI sector.
The acquisition adds about 490 megawatts of secured power in Spain as IREN expands beyond Bitcoin mining and builds its European AI cloud platform.