Redbank projected spend >10 billion
Company: IREN
The claim, verbatim
IREN projects spending of more than 10 billion on Redbank (currency unspecified), according to Capital Brief citing a source familiar with the project.
Source (primary)
IREN proposes 900 MW Redbank data center near Wagga Wagga, outside its secured-power portfolio - Yahoo Finance (-, news_article)
View cached copy (2026-10-15)Live source ↗
Quote: “projected spending of more than $10 billion, citing a source familiar with the project. The outlet did not specify the currency.”
How we checked this
Checked on October 17, 2026. The cited source supports every part of this claim.
The article reports Capital Brief's source-based figure of more than 10 billion and notes that the currency was unspecified.
Confirmed in the source:
- IREN projects spending of more than 10 billion on Redbank.
- The currency of the spending figure was not specified.
- The figure was reported by Capital Brief, citing a source familiar with the project.
What we did: Read our cached copy of the publisher (https://finance.yahoo.com/energy/articles/iren-proposes-900-mw-redbank-144547966.html) in full (9,621 characters, retrieved October 15, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms IREN proposes 900 MW Redbank data center near Wagga Wagga, outside its secured-power portfolio - Yahoo Finance
Quote: “projected spending of more than $10 billion, citing a source familiar with the project. The outlet did not specify the currency.”