Ingenostrum Acquired by IREN | Technology M&A Deal

IREN has acquired Ingenostrum, a enterprise software business in Spain, for $3. IREN acquisitions expand its AI Cloud platform into Europe by adding Nostrum Group’s next-generation data center development capabilities and secured, grid-connected power assets. The Ingenostrum acquisition strengthens IREN’s ability to build AI data centers and GPU cluster infrastructure for training and inference demand, supported by a local team across development, engineering, construction, and operations in Spain. The platform acquisition is part of technology M&A by a public company acquisition strategy, with IREN acquiring Ingenostrum as a strategic entry point into European AI infrastructure markets. Completion remains subject to customary closing conditions, with deal terms undisclosed beyond the stated amount.