IREN Secures 2.75GW for Data Centers in West Texas with New 600MW Grid Connection Agreement
Iris Energy Limited (IREN)
Company Research
Source: GlobeNewswire
SYDNEY, March 17, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (together with its subsidiaries, “IREN”), today announced the signing of a 600MW grid connection agreement for Sweetwater 2, advancing its 2GW Sweetwater data center hub in West Texas. “Securing this additional 600MW further solidifies our competitive position as a leader in scalable data center infrastructure,” said Daniel Roberts, Co-Founder and Co-CEO of IREN. “While many talk about MW pipelines, our 2.75GW in West Texas is fully contracted, minimizing development risk and ensuring real, deliverable capacity.” Why West Texas? Power: One of the world’s largest renewable energy markets, offering scalable, low-cost electricityFiber connectivity: Multiple high-bandwidth, physically diverse fiber pathsLow latency: ~6ms to Dallas, optimizing AI and cloud workloadsWater efficiency: Closed-loop liquid cooling significantly reduces water use Sweetwater 2: Key Highlights 600MW power secured: Under a bi
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News
- Discovery Capital Cashes in After Iren Shares Rocket 222% Higher in Q3 [Yahoo! Finance]Yahoo! Finance
- Better AI Infrastructure Stock: Nebius Group vs. Iren Limited [Yahoo! Finance]Yahoo! Finance
- IREN (NASDAQ:IREN) was upgraded by analysts at <a style="font-weight:bold" href="https://www.wallstreetzen.com/newsletters/zen-ratings?ticker=IREN&utm_campaign=getratings&utm_medium=online&utm_source=MarketBeat">Wall Street Zen</a> from MarketBeat
- Why The Next 12-18 Months Are Crucial For IREN's Growth [Seeking Alpha]Seeking Alpha
- IREN Closes $2.3 Billion Convertible Notes Offering and the Repurchase of Existing Convertible NotesGlobeNewswire
IREN
Sec Filings
- 12/8/25 - Form 8-K
- 12/4/25 - Form 424B5
- 12/3/25 - Form 8-K
- IREN's page on the SEC website