IREN, a Bitcoin mining company transitioning to AI infrastructure, has acquired Spanish data center developer Nostrum, marking its entry into the European market. This acquisition adds approximately 490 megawatts of grid-connected power to IREN's portfolio and includes a team of over 50 experts in development, engineering, construction, and operations. Co-CEO Daniel Roberts highlighted Europe's rapid growth in AI infrastructure and Spain's renewable energy and fiber optic advantages as key factors in the decision. This move follows IREN's recent announcement of an 800-megawatt data center campus in South Australia, aimed at meeting AI demands in the Asia-Pacific region. The strategic expansion into Europe underscores IREN's commitment to leveraging renewable resources and advanced connectivity to support AI infrastructure globally.