Sweetwater 2 refundable connection deposits over 12 months
Company: IREN
What the later record shows
Partly delivered
About half the deposits (roughly $13.4–13.5M) were paid in April 2025. As of September 30, 2025, the remaining $13.5M was still expected 'over the next 12 months', a window that extends past the original 12-month horizon.
“In April 2025, the Group paid $13.4 million in refundable deposits in relation to the grid connection agreement with AEP Texas Inc. for the Sweetwater 2 project”
2025-05-13 · iren 8-K exhibit (iren-20250331_d2.htm) View cached copy (2026-10-15)Live source ↗
“We expect to pay up to $13.5 million in connection deposits over the next 12 months, related to our Sweetwater 2 site.”
2025-11-05 · IREN 10-Q filed 2025-11-06 View cached copy (2026-08-31)Live source ↗
Checked October 18, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
IREN will pay $26.9 million in refundable deposits over 12 months for the Sweetwater 2 grid connection.
Source (primary)
iren 8-K exhibit (irenpressreleasesweetwat.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-18)Live source ↗
Quote: “$26.9 million in refundable deposits over 12 months”
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 (irenpressreleasesweetwat.htm)
Quote: “$26.9 million in refundable deposits over 12 months”