IREN energizes 1.4GW Sweetwater 1 data center site in Texas

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IREN Announces Successful Energization of Sweetwater 1

May 1, 2026 4:10 PM EDT

NEW YORK, May 01, 2026 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (IREN) today announced the successful energization of its 1.4GW Sweetwater 1 data center site in Texas.

Energization marks the connection of the sites high-voltage substation to the ERCOT grid, representing a key milestone in the development of the broader 2GW Sweetwater campus.

Power delivery at Sweetwater 1 is expected to ramp progressively in line with the phased construction and commissioning of data centers at the site.

In an environment where power remains one of the primary constraints on AI infrastructure deployment, energization of Sweetwater... More