IREN Secures Civil Works License for 300MW AI Campus in Spain

IREN ($IREN) has secured a civil works license for its planned 300MW AI campus in Spain, with grid power already in place and operations targeted to begin in 2028.
The company plans to operate the AI cloud infrastructure itself rather than simply providing data center capacity to third parties.
The project aligns with CEO Daniel Roberts' view of sovereign AI, which centers on where data is stored and who controls and operates the underlying infrastructure.