NOSTRUM GROUP acquired by IREN

The acquisition of Nostrum Group by IREN Limited is a strategic move that will enable the company to expand its footprint in Europe and add significant development, engineering, construction, and operations capability in support of its global AI Cloud Services strategy. The transaction is subject to the satisfaction of certain closing conditions and is expected to be completed in the near future. The acquisition will provide IREN Limited with access to Nostrum Group's high-quality data center assets in Spain, including approximately 490MW of power capacity, as well as a pipeline of additional development projects. The combination of IREN Limited's global AI Cloud Services platform and Nostrum Group's local expertise and capabilities is expected to create a unique and compelling offering for clients in Europe. The acquisition will also enable IREN Limited to accelerate its growth plans and expand its presence in the European market, which is expected to be a key driver of growth for the company in the coming years. The transaction is a testament to the attractiveness of the Spanish market for data center development and the growing demand for digital infrastructure in Europe. The acquisition of Nostrum Group by IREN Limited is expected to have a positive impact on the company's financial performance and will provide a strong foundation for future growth and expansion.