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Wu said that Bitcoin mining company IREN announced the completion of its acquisition of Spanish AI data center developer Nostrum Group, officially entering the European market. This acquisition adds approximately 490MW of grid-connected power resources and future development project reserves to IREN, as well as a development, engineering, construction, and operations team of over 50 people. Nostrum will subsequently operate under the IREN brand, and the related infrastructure will be used to support its AI cloud computing business development in Europe.