IREN Rises 4% on 300MW Spanish “Sovereign AI” Campus as Neocloud Stocks Rebound

Key TakeawaysIREN shares rose 4% today after it set up IREN Europe and licensed a planned 300MW AI data center in Spain, as Applied Digital, Cipher Digital, Riot Platforms and MARA Holdings also rose. The Badajoz campus gives IREN a real second market, but it adds optionality more than near-term revenue.