Sweetwater non-refundable connection costs over next 12 months
Company: IREN - Project: Sweetwater 2
What the later record shows
Delivered on time · happened June 30, 2025
The 10-K states that $4.1 million in non-refundable connection costs for Sweetwater 2 had been paid as of June 30, 2025, which is within the 12-month window. It lists no further such costs as expected.
“as well as $13.5 million in connection deposits and $4.1 million in non-refundable connection costs for Sweetwater 2”
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 $4.1 million in non-refundable connection costs, 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: “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 $4.1 million in non-refundable connection costs over the next 12 months, primarily related to Sweetwater 2.
Confirmed in the source:
- IREN expects to pay up to $4.1 million in non-refundable connection costs
- 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: “up to $4.1 million in non-refundable connection costs over the next 12 months, primarily related to our Sweetwater 2 site”
confirms IREN 10-K filed 2025-08-28
Quote: “as well as $13.5 million in connection deposits and $4.1 million in non-refundable connection costs for Sweetwater 2”