Data Center · Datacenter Dynamics
Iren picks up Spanish data center developer Nostrum
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Data center and cloud firm Iren is expanding into Europe with the acquisition of Spanish developer Nostrum.
Key facts
- In its Q3 FY2026 earnings results this week, Iren posted revenues of $144.8 million, a loss of $247.8m, and Adjusted EDBITA of $59.5m
- Gabriel Nebreda, CEO of Nostrum Data Centers, added: “The team are excited to join Iren and help accelerate the development of AI infrastructure in Europe
- Microsoft is a major customer, and Nvidia is set to invest up to $2.1 billion in the company to deploy up to 5GW of compute
- Iren this week announced it was also set to acquire cloud infrastructure software provider Mirantis in a deal worth $625 million
Summary
The Nasdaq-listed firm this week announced it has entered into an agreement to acquire Ingenostrum, S.L. (Nostrum Group), a data center developer based in Spain. The deal marks Iren’s entry into Europe, adding approximately 490MW of secured, grid-connected power in Spain. Daniel Roberts, founder and Co-CEO of Iren, said: “This acquisition establishes a strategic platform in Europe for Iren. Nostrum’s website now redirects to Iren.