IREN (NasdaqGS: IREN) secured a license for a 300 MW AI data center campus in Badajoz, Spain. The business launched IREN Europe to anchor its AI cloud expansion across key European enterprise markets. Management plans to deploy NVIDIA GPUs with Mirantis cloud software to support high performance AI workloads on the new site. The new 300 MW Badajoz campus and IREN Europe launch only tell part of the story for this AI infrastructure push. Our analysis turns up 4 warning signs (3 major) for IREN as well. For a broader view on how AI infrastructure is reshaping data center and cloud economics, explore the wider peer group via 55 AI infrastructure stocks.
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