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Mergers & AcquisitionsMedium•7 May 2026•

1 min read

IREN Bolsters Global Expansion with NVIDIA Partnership to Deploy 5GW of AI Infrastructure

Key Facts

1IREN announced it has entered into an agreement to acquire Ingenostrum (Nostrum Group), a next-generation data center developer based in Spain.

IREN Limited has announced a major strategic partnership with NVIDIA to accelerate the deployment of up to 5 gigawatts (GW) of AI infrastructure, significantly scaling its technical capabilities. The partnership aims to support the deployment of NVIDIA DSX-aligned AI infrastructure across IREN's global data center pipeline over time. This development follows IREN's acquisition of Spain-based Nostrum Group, a move designed to expand its AI Cloud platform into the European market. By combining NVIDIA’s technology with its expanding physical footprint, IREN enhances its global cloud infrastructure scaling capabilities to meet surging regional and global demand. Analysts view this partnership as a transformative milestone that solidifies IREN's position as a leading provider of advanced computing services. These strategic moves underscore the massive momentum within the AI-driven data center infrastructure sector.

27 days ago

Version History

1 additional source confirmed this story

Version 127 days ago

What changed: The story was updated to include the new strategic partnership with NVIDIA to deploy 5GW of AI infrastructure, significantly expanding beyond the previously announced European acquisition.