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Bitcoin miner IREN is moving into Europe through the acquisition of Nostrum, the company announced, marking the firm's first entry onto the continent.
The deal advances what the company has characterized as an accelerating pivot toward artificial intelligence.
What the Nostrum Deal Does for IREN The acquisition gives IREN a European presence, extending the company's geographic footprint beyond its existing operations.
IREN, which built its business on $BTC mining, has been repositioning toward AI infrastructure — a direction the Nostrum transaction appears to further. No financial terms for the deal were disclosed in the announcement.
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