Svmuu News: IREN, an AI infrastructure company that evolved from the mining firm Bitcoin, has announced the acquisition of Ingenostrum, S.L.—the Spanish AI data center developer also known as the Nostrum Group—marking its official entry into the European market. The transaction adds approximately 490 megawatts of secured, grid-connected power resources to IREN’s portfolio and brings a pipeline of AI data center development projects in Spain. The Nostrum team consists of more than 50 employees covering development, engineering, construction, and operations. IREN stated that Europe is one of the world’s largest and fastest-growing AI infrastructure markets, and that Spain, with its abundant renewable energy resources and strong fiber-optic connectivity, serves as a key gateway to the European market. This acquisition is the latest step in IREN’s transformation from a pure-play mining company focused on the “Bitcoin” to a global provider of AI and high-performance computing infrastructure.Previously, IREN announced plans to build an 800-megawatt data center campus in South Australia and has signed a multi-billion-dollar AI cloud agreement with Microsoft and established a partnership with NVIDIA. Following the news, IREN’s stock price rose nearly 4% on Monday, trading at approximately $62.