Mentioned:
IREN is coming to Spain next. And they’ve just purchased a data centre development company to do it.
What’s happening:
- IREN (NASDAQ: IREN) has acquired Spain based data centre development company Nostrum Group
Why it matters:
- This is the first time ever that IREN has ventured into building and operating data centres in Europe
Going deeper:
- Nostrum Group has roughly 490 megawatts of secured, grid-connected power in Spain and multiple other projects in development throughout Spain
- IREN just recently made major waves when they entered into a new transmission connection agreement for a 800 megawatt data centre campus in Bundey, South Australia
The fine print:
- It has not yet been publicly disclosed what IREN paid to acquire Nostrum Group
