Shares of IREN ($IREN) rose about 3.2% after the company said it has completed the acquisition of Spain-based Nostrum Group (Ingenostrum), a deal that significantly expands IREN’s footprint in Europe’s fast-growing AI data center market. The move adds roughly 490 megawatts (MW) of power capacity tied to European AI data center development—an increasingly scarce asset as hyperscalers and model developers scramble for power-secured sites.
The stock closed at $59.96, after touching an intraday high of $61.51. IREN remains sharply higher over the past year, up roughly 472% from its 52-week low… Read more
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