West Texas 1,400MW site substation energization April 2026
Company: IREN
What the later record shows
The date slipped · new target June 30, 2026
The West Texas 1,400MW site is Sweetwater 1, which has the same $11.7 million connection deposits. The November 2025 10-Q loosened the April 2026 target to Q2 calendar 2026, and no passage confirms energization.
“As of March 31, 2025 we had paid $11.7 million of connection deposits to connect Sweetwater 1 directly to the Electricity Reliability Council of Texas (“ERCOT”) grid.”
2025-05-13 · iren 8-K exhibit (irenlimited-exx994mar2025.htm) View cached copy (2026-10-15)Live source ↗
“we are targeting grid connection and a substation energization date in the second quarter of calendar year 2026 for Sweetwater 1”
2025-11-05 · IREN 10-Q filed 2025-11-06 View cached copy (2026-08-31)Live source ↗
Checked October 24, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
IREN is targeting an April 2026 substation energization date for its 1,400MW West Texas development site.
Source (primary)
iren 8-K exhibit (irisenergylimited-exx994se.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-24)Live source ↗
Quote: “we have announced a new 1,400MW data center development site located in the renewables-heavy West region of Texas, USA. As of September 30, 2024 we have paid $11.7 million of connection deposits and are targeting a April 2026 substation energization date”
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 (irisenergylimited-exx994se.htm)
Quote: “we have announced a new 1,400MW data center development site located in the renewables-heavy West region of Texas, USA. As of September 30, 2024 we have paid $11.7 million of connection deposits and are targeting a April 2026 substation energization date”
delays IREN 10-Q filed 2025-11-06
Quote: “we are targeting grid connection and a substation energization date in the second quarter of calendar year 2026 for Sweetwater 1”
delays iren 8-K exhibit (irenlimited-exx994mar2025.htm)
Quote: “As of March 31, 2025 we had paid $11.7 million of connection deposits to connect Sweetwater 1 directly to the Electricity Reliability Council of Texas (“ERCOT”) grid.”