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Sweetwater 1.4GW substation energization

Company: IREN

This claim was marked delayed on October 24, 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
2024-11-25
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

Monthly updates through mid-2025 kept the April 2026 target. The November 2025 10-Q shifted it to Q2 calendar 2026, and no later passage reports the Sweetwater 1 substation as energized.

“Sweetwater 1 (1.4GW) • General site-works continuing and substation civil works commenced • Energization April 2026”
2025-06-04 · iren 8-K exhibit (ex991may2025monthlyupdat.htm) View cached copy (2026-10-13)Live source ↗
“Construction of substation infrastructure has commenced at Sweetwater 1 (along with site establishment works such as construction offices, laydown areas and warehouse construction)”
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

Procurement is underway to support energization of the IREN-owned 1.4GW substation at the Sweetwater, Texas site by April 2026.

Source (primary)

iren 8-K exhibit (ex991resultspressrelease.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-24)Live source ↗

Quote: “Procurement underway to support IREN-owned 1.4GW substation energization by 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 (ex991resultspressrelease.htm)

Quote: “Procurement underway to support IREN-owned 1.4GW substation energization by April 2026”

View cached copy (2026-10-24)Live source ↗

delays IREN 10-Q filed 2025-11-06

Quote: “Construction of substation infrastructure has commenced at Sweetwater 1 (along with site establishment works such as construction offices, laydown areas and warehouse construction)”

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

delays iren 8-K exhibit (ex991may2025monthlyupdat.htm)

Quote: “Sweetwater 1 (1.4GW) • General site-works continuing and substation civil works commenced • Energization April 2026”

View cached copy (2026-10-13)Live source ↗

Record of changes

October 24, 2026 — stated
Automated extraction from the cited source. Recorded automatically from the cited source when it was published, then queued for evidence review.
October 24, 2026 — delayed
Automated extraction from the cited source. Recorded automatically from the cited source when it was published, then queued for evidence review.