May 06, 2026 | Posted by Abdul-Rahman Oladimeji
Data center and cloud firm Iren has energized a new campus in Texas. The Nasdaq-listed company this week announced the successful energization of its 1.4GW Sweetwater 1 data center site in West Texas. The firm’s two Sweetwater campuses, both located outside Sweetwater in Fisher County, are expected to total 2GW of capacity across 2,200 acres at full build-out. A direct fiber loop connecting Sweetwater 1 and Sweetwater 2 is also planned.
Daniel Roberts, co-founder and co-CEO at Iren, said: “Delivering Sweetwater 1 substation energization on schedule reflects our disciplined execution, the strength of our supply chain relationships, and the efficiency of our vertically integrated development model. It is another example of our ability to design and construct large-scale infrastructure reliably and at speed to meet market demand."
Iren is a crypto miner-turned AI cloud provider with data centers across the US and Canada. The company currently operates around 23,000 GPUs, and in October said it had secured contracts for approximately 11,000 of them. Microsoft is among its major customers. Formerly known as Iris Energy, the company is in the midst of a strategic pivot away from Bitcoin mining toward its AI cloud business. While it continues to mine Bitcoin, Iren is gradually winding down mining operations and redirecting cash flow into its AI infrastructure expansion.
