Sweetwater connection deposits over next 12 months
Company: IREN - Project: Sweetwater 2
What the later record shows
Outcome not yet confirmed
By June 30, 2025, $13.5 million of Sweetwater 2 deposits had been paid and up to $13.5 million more was still expected. The passages do not show when the earlier amount was paid or whether the remainder was paid by May 2026.
“We expect to pay up to $13.5 million in connection deposits over the next 12 months, related to our Sweetwater 2 site.”
2025-08-27 · IREN 10-K filed 2025-08-28 View cached copy (2026-08-31)Live source ↗
Checked October 15, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
IREN expects to pay up to $26.9 million in connection deposits, mainly for Sweetwater 2, over the next 12 months.
Source (primary)
iren 8-K exhibit (irenlimited-exx994mar2025.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-15)Live source ↗
Quote: “We expect to pay up to $26.9 million in connection deposits and up to $4.1 million in non-refundable connection costs over the next 12 months, primarily related to our Sweetwater 2 site.”
How we checked this
Checked on October 17, 2026. The cited source supports every part of this claim.
The filing states that IREN expects to pay up to $26.9 million in connection deposits over the next 12 months, primarily related to Sweetwater 2.
Confirmed in the source:
- IREN expects to pay up to $26.9 million in connection deposits
- These payments are expected over the next 12 months
- The payments primarily relate to the Sweetwater 2 site
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1878848/000187884825000043/irenlimited-exx994mar2025.htm) in full (129,213 characters, retrieved October 15, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms iren 8-K exhibit (irenlimited-exx994mar2025.htm)
Quote: “We expect to pay up to $26.9 million in connection deposits and up to $4.1 million in non-refundable connection costs over the next 12 months, primarily related to our Sweetwater 2 site.”