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Sweetwater 1 energization April 2026

Company: IREN - Project: Sweetwater 1

Subject kind
facility timeline
Statement date
2025-07-06
Promised by
2026-04-30
Promised amount
1400.0 MW
Current status
verified

What the later record shows

Delivered on time

The May 2026 earnings transcript says the Sweetwater 1 high-voltage substation was energized on schedule, and a later article confirms it was energized earlier in 2026. No passage gives the exact energization date.

“At Sweetwater 1, the high- voltage substation has been energized on schedule and construction is now underway for the initial 200 megawatts IT load phase”
2026-05-10 · iren 8-K exhibit (irentranscript.htm) View cached copy (2026-09-07)Live source ↗
“At Sweetwater 1, IREN energized its high-voltage substation earlier this year.”
2026-09-08 · IREN’s 2GW Sweetwater Hub conditionally included in ERCOT Batch Zero - scanx.trade View cached copy (2026-09-14)Live source ↗

Checked October 11, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.

The claim, verbatim

Sweetwater 1 (1.4GW) is targeting energization in April 2026; substation civil works are complete and general site works continue.

Source (primary)

iren 8-K exhibit (ef20051646_ex99-1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-11)Live source ↗

Quote: “Targeting energization April 2026”

How we checked this

Checked on October 15, 2026. The cited source supports every part of this claim.

The Sweetwater 1 project update states each of these points.

Confirmed in the source:

What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1878848/000114036125024971/ef20051646_ex99-1.htm) in full (23,104 characters, retrieved October 11, 2026) and checked each assertion in the claim against it.

Additional evidence

confirms iren 8-K exhibit (ef20051646_ex99-1.htm)

Quote: “Targeting energization April 2026”

View cached copy (2026-10-11)Live source ↗

confirms iren 8-K exhibit (irentranscript.htm)

Quote: “At Sweetwater 1, the high- voltage substation has been energized on schedule and construction is now underway for the initial 200 megawatts IT load phase”

View cached copy (2026-09-07)Live source ↗

confirms IREN’s 2GW Sweetwater Hub conditionally included in ERCOT Batch Zero - scanx.trade

Quote: “At Sweetwater 1, IREN energized its high-voltage substation earlier this year.”

View cached copy (2026-09-14)Live source ↗

Record of changes

October 11, 2026 — stated
Automated extraction from the cited source. Recorded automatically from the cited source when it was published, then queued for evidence review.
October 11, 2026 — outcome unconfirmed
Automated extraction from the cited source. Recorded automatically from the cited source when it was published, then queued for evidence review.
October 11, 2026 — verified
Automated extraction from the cited source. Recorded automatically from the cited source when it was published, then queued for evidence review.