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Sweetwater 1 energization

Company: IREN

Subject kind
facility timeline
Statement date
2025-04-03
Promised by
2026-04-30
Promised amount
1400.0 MW
Current status
verified

What the later record shows

Delivered on time · happened April 30, 2026

On its May 2026 earnings call, IREN said the Sweetwater 1 high-voltage substation was energized on schedule, matching the April 2026 target. No exact day is given, so the end of April is used.

“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 ↗
“we increased secured power to five gigawatts, added new sites in Europe and APAC, energized Sweetwater 1 on schedule”
2026-05-10 · iren 8-K exhibit (irentranscript.htm) View cached copy (2026-09-07)Live source ↗

Checked October 17, 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 scheduled for energization in April 2026.

Source (primary)

iren 8-K exhibit (pressreleasemarch2025mon.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-17)Live source ↗

Quote: “Energization April 2026”

How we checked this

This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.

Additional evidence

confirms iren 8-K exhibit (pressreleasemarch2025mon.htm)

Quote: “Energization April 2026”

View cached copy (2026-10-17)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 ↗

Record of changes

October 17, 2026 — stated
Automated extraction from the cited source. Recorded automatically from the cited source when it was published, then queued for evidence review.
October 17, 2026 — verified
Automated extraction from the cited source. Recorded automatically from the cited source when it was published, then queued for evidence review.