jain.com
The Analysis · Companies · People · Methodology

Sweetwater 1 (1.4GW) energization April 2026

Company: IREN

This claim was marked delayed on October 18, 2026. Recorded automatically from the cited source when it was published, then queued for evidence review.

How this was decided: Automated extraction from the cited source. The claim is preserved below exactly as it was originally published, so the record shows what was asserted as well as what became of it.

Subject kind
facility timeline
Statement date
2025-03-05
Promised by
2026-04-30
Promised amount
1400.0 MW
Current status
delayed

What the later record shows

The date slipped · new target June 30, 2026

Starting with the August 2025 10-K, the Sweetwater 1 energization target was restated from April 2026 to the second quarter of calendar 2026. No passage confirms energization occurred.

“we are targeting grid connection and a substation energization date in the second quarter of calendar year 2026 for Sweetwater 1”
2025-08-27 · IREN 10-K filed 2025-08-28 View cached copy (2026-08-31)Live source ↗
“a substation energization date in the second quarter of calendar year 2026 for Sweetwater 1 and the fourth quarter of calendar year 2027 for Sweetwater 2”
2026-02-04 · IREN 10-Q filed 2026-02-05 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

General site-works have commenced at the 1.4GW Sweetwater 1 project, which is on track for energization in April 2026.

Source (primary)

iren 8-K exhibit (irenfebmonthlyupdatevf.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-18)Live source ↗

Quote: “Commenced site-works at 1.4GW Sweetwater 1 project, on-track for energization in Apr 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 (irenfebmonthlyupdatevf.htm)

Quote: “Commenced site-works at 1.4GW Sweetwater 1 project, on-track for energization in Apr 2026”

View cached copy (2026-10-18)Live source ↗

delays IREN 10-K filed 2025-08-28

Quote: “we are targeting grid connection and a substation energization date in the second quarter of calendar year 2026 for Sweetwater 1”

View cached copy (2026-08-31)Live source ↗

delays IREN 10-Q filed 2026-02-05

Quote: “a substation energization date in the second quarter of calendar year 2026 for Sweetwater 1 and the fourth quarter of calendar year 2027 for Sweetwater 2”

View cached copy (2026-08-31)Live source ↗

Record of changes

October 18, 2026 — stated
Automated extraction from the cited source. Recorded automatically from the cited source when it was published, then queued for evidence review.
October 18, 2026 — outcome unconfirmed
Automated extraction from the cited source. Recorded automatically from the cited source when it was published, then queued for evidence review.
October 18, 2026 — delayed
Automated extraction from the cited source. Recorded automatically from the cited source when it was published, then queued for evidence review.