Redbank planned capex over $10B
Company: IREN - Project: Redbank
The claim, verbatim
IREN reportedly planned to spend more than $10 billion on the 900MW Redbank facility.
Source (primary)
IREN's Redbank Campus Adds 900MW To Its Plans, But Power Is Not Secured Yet - Yahoo Finance (-, news_article)
View cached copy (2026-10-15)Live source ↗Archive.org ↗
Quote: “IREN reportedly planned to spend more than $10 billion on the 900-megawatt facility”
How we checked this
Checked on October 17, 2026. The cited source supports every part of this claim.
The article reports, citing Capital Brief, that IREN planned to spend more than $10 billion on the 900MW facility.
Confirmed in the source:
- IREN reportedly planned to spend more than $10 billion on the 900MW Redbank facility (per a Capital Brief report cited in the article)
What we did: Read our cached copy of the publisher (https://finance.yahoo.com/energy/articles/irens-redbank-campus-adds-900mw-094922499.html) in full (11,381 characters, retrieved October 15, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms IREN's Redbank Campus Adds 900MW To Its Plans, But Power Is Not Secured Yet - Yahoo Finance
Quote: “IREN reportedly planned to spend more than $10 billion on the 900-megawatt facility”