IREN plans 300MW AI data center campus in Spain targeting 2028 start
IREN plans a 300 MW AI data center campus in Spain, with initial operations targeted for 2028, according to Reuters and Dow Jones Newswires reports.
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what happened
IREN Limited said it is advancing plans for a 300 MW artificial intelligence data center campus in Spain, with initial operations targeted for 2028, Reuters reported.
Dow Jones Newswires said the company has set up a European division and obtained a civil works license for the site. IREN plans to offer AI cloud services from the facility, including managed services, to give customers more choice over where their AI workloads run and how their data is handled in Europe.
why it matters
For markets, this is a notable expansion by IREN into AI infrastructure in Europe. A 300 MW site implies large power needs and heavy capital spending, and the timeline will depend on construction progress and customer demand. The news mainly concerns the company itself, but it shows how firms tied to bitcoin mining are shifting toward AI workloads.
market impact
IREN and AI infrastructure stocks: the project widens the company's European business footprint
tags
instruments
sources
- IREN Plans 300MW AI Data Center Campus In Spain With Operations Targeted For 2028 — Reuters, 21 October 2026 at 12:21 UTC
- Iren Plans AI Data Center in Spain — Dow Jones Newswires, 21 October 2026 at 12:49 UTC
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