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IREN Sweetwater 2 Data Center Campus

PRJ-0722 · Site · Sweetwater area, Texas, United States

Record last updated Oct 28, 2026

Scope and capacity

IREN is developing Sweetwater 2 as the second half of a planned 2 GW West Texas compute hub. Its 600 MW connection is secured, with phased data-center development planned after grid delivery. IREN is publicly identified in the project record for Sweetwater area, Nolan County area, TX, US. The disclosed development record includes 600 MW binding grid connection; more than 500 acres; planned fiber loop to Sweetwater 1; late-2027 connection target in the source. Power and infrastructure include grid connection and direct fiber-loop design linking the two Sweetwater campuses. IREN reports 600 MW secured under a binding grid-connection agreement.

Headline: 600 MW Contracted

Numbers refer to their stated physical boundaries and are not added together. Source dates, claim dates and record updates have different meanings. Missing dates and locators are not inferred.

Location context · Sweetwater 2 campus | approximately 28 miles from Sweetwater 1 | West Texas

Actual · IREN Sweetwater 2 Data Center Campus (Project)

Claim 58735 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

  1. IREN annual report — Sweetwater development portfolio

    IREN · Document date: Aug 29, 2025 · Primary

    Source reference: SRC-3208 · Fact sheet · Recorded authority: Official primary

    Source URL

    https://www.sec.gov/Archives/edgar/data/1878848/000187884825000063/iren-20250630.htm

  2. IREN annual report — Sweetwater development portfolio

    IREN · Document date: Aug 29, 2025 · Primary

    Source reference: SRC-3212 · Fact sheet · Recorded authority: Official primary

    Source URL

    https://www.sec.gov/Archives/edgar/data/1878848/000187884825000063/iren-20250630.htm

Lifecycle status · Preconstruction

Actual · IREN Sweetwater 2 Data Center Campus (Project)

Claim 58736 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

  1. IREN annual report — Sweetwater development portfolio

    IREN · Document date: Aug 29, 2025 · Primary

    Source reference: SRC-3208 · Fact sheet · Recorded authority: Official primary

    Source URL

    https://www.sec.gov/Archives/edgar/data/1878848/000187884825000063/iren-20250630.htm

  2. IREN annual report — Sweetwater development portfolio

    IREN · Document date: Aug 29, 2025 · Primary

    Source reference: SRC-3212 · Fact sheet · Recorded authority: Official primary

    Source URL

    https://www.sec.gov/Archives/edgar/data/1878848/000187884825000063/iren-20250630.htm

Reported capacity · 600 MW

Actual · IREN Sweetwater 2 Data Center Campus (Project)

Claim 58737 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

Headline treatment: Selected headline

  1. IREN annual report — Sweetwater development portfolio

    IREN · Document date: Aug 29, 2025 · Primary

    Source reference: SRC-3208 · Fact sheet · Recorded authority: Official primary

    Source URL

    https://www.sec.gov/Archives/edgar/data/1878848/000187884825000063/iren-20250630.htm

  2. IREN annual report — Sweetwater development portfolio

    IREN · Document date: Aug 29, 2025 · Primary

    Source reference: SRC-3212 · Fact sheet · Recorded authority: Official primary

    Source URL

    https://www.sec.gov/Archives/edgar/data/1878848/000187884825000063/iren-20250630.htm

Capacity basis · IREN reports 600 MW secured under a binding grid connection agreement.

Actual · IREN Sweetwater 2 Data Center Campus (Project)

Claim 58738 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

  1. IREN annual report — Sweetwater development portfolio

    IREN · Document date: Aug 29, 2025 · Primary

    Source reference: SRC-3208 · Fact sheet · Recorded authority: Official primary

    Source URL

    https://www.sec.gov/Archives/edgar/data/1878848/000187884825000063/iren-20250630.htm

  2. IREN annual report — Sweetwater development portfolio

    IREN · Document date: Aug 29, 2025 · Primary

    Source reference: SRC-3212 · Fact sheet · Recorded authority: Official primary

    Source URL

    https://www.sec.gov/Archives/edgar/data/1878848/000187884825000063/iren-20250630.htm

Development scale · 600 MW binding grid connection

Actual · IREN Sweetwater 2 Data Center Campus (Project)

Claim 107528 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

  1. Sweetwater data center hub profile

    IREN · Document date: Apr 1, 2026 · Corroborating

    Source reference: SRC-5994 · Fact sheet · Recorded authority: Official primary

    Source URL

    https://iren.com/data-centers/sweetwater

  2. IREN annual report — Sweetwater development portfolio

    IREN · Document date: Aug 29, 2025 · Primary

    Source reference: SRC-3208 · Fact sheet · Recorded authority: Official primary

    Source URL

    https://www.sec.gov/Archives/edgar/data/1878848/000187884825000063/iren-20250630.htm

Development milestone · More than 500 acres

Actual · IREN Sweetwater 2 Data Center Campus (Project)

Claim 107529 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

  1. Sweetwater data center hub profile

    IREN · Document date: Apr 1, 2026 · Corroborating

    Source reference: SRC-5994 · Fact sheet · Recorded authority: Official primary

    Source URL

    https://iren.com/data-centers/sweetwater

  2. IREN annual report — Sweetwater development portfolio

    IREN · Document date: Aug 29, 2025 · Primary

    Source reference: SRC-3208 · Fact sheet · Recorded authority: Official primary

    Source URL

    https://www.sec.gov/Archives/edgar/data/1878848/000187884825000063/iren-20250630.htm

Power arrangement · Planned fiber loop to Sweetwater 1

Actual · IREN Sweetwater 2 Data Center Campus (Project)

Claim 107530 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

  1. Sweetwater data center hub profile

    IREN · Document date: Apr 1, 2026 · Corroborating

    Source reference: SRC-5994 · Fact sheet · Recorded authority: Official primary

    Source URL

    https://iren.com/data-centers/sweetwater

  2. IREN annual report — Sweetwater development portfolio

    IREN · Document date: Aug 29, 2025 · Primary

    Source reference: SRC-3208 · Fact sheet · Recorded authority: Official primary

    Source URL

    https://www.sec.gov/Archives/edgar/data/1878848/000187884825000063/iren-20250630.htm

Site configuration · Late-2027 connection target in the source.

Actual · IREN Sweetwater 2 Data Center Campus (Project)

Claim 107531 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

  1. Sweetwater data center hub profile

    IREN · Document date: Apr 1, 2026 · Corroborating

    Source reference: SRC-5994 · Fact sheet · Recorded authority: Official primary

    Source URL

    https://iren.com/data-centers/sweetwater

  2. IREN annual report — Sweetwater development portfolio

    IREN · Document date: Aug 29, 2025 · Primary

    Source reference: SRC-3208 · Fact sheet · Recorded authority: Official primary

    Source URL

    https://www.sec.gov/Archives/edgar/data/1878848/000187884825000063/iren-20250630.htm

Counterparties and capital

IREN · Developer · CMP-1436

This schedule captures public Cartis research. It is not a title, lien or legal-opinion report. Document page/section locators and claim review timestamps are included only when published; this version has no separate locator or claim-review-time feed.