Episode
IREN Enters Europe with AI Cloud Push
- Published
- Jun 16, 2026
- Duration seconds
- 116
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Summary
Bitcoin miner IREN just acquired Spain’s Nostrum Group, officially launching its European AI cloud business amid soaring demand for AI infrastructure across the continent. Leveraging Spain’s renewable energy and top-tier fiber optics, IREN aims to secure a strategic foothold in Europe’s fastest-growing tech sector. While mining still drives most revenue, AI cloud services surged from $17.3M to $33.6M — signaling a major pivot toward stable, contract-based income. Other miners like HIVE Digital and Bitdeer are also racing to Europe, betting big on the AI boom. Support the show: Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN: [email protected] This is an automated, high-level news summary based on public reporting. Report issues to [email protected]. View sources & latest updates: https://sources.thednn.ai/a14ea98eacc8b897