IREN Ltd
For the period ended Jun 30, 2025. Filed Aug 28, 2025.
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FY2025 · Filed Aug 28, 2025
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Item 2. Properties
We maintain offices in the United States, Canada and Australia and have secured 2,910 MW of grid-connected power, of which 2,750 MW (or 95%) is in Texas. Within that power portfolio, we operate 810MW of data centers across the United States and Canada, of which 650MW (or 80%) is located in Texas.
In British Columbia, Canada, we hold freehold interests in a 10-acre site in Canal Flats, an 11-acre site in Mackenzie and a 21-acre site in Prince George. The British Columbia sites include land, data center facilities, electrical substation and ancillary infrastructure. In Childress County, Texas, U.S., we hold freehold interests in approximately 500 acres of land across three properties. At our Sweetwater 1 and Sweetwater 2 development projects in Texas, U.S., we hold freehold interests in approximately 1,836 acres of land. Our freehold interests may have certain encumbrances.
The following table reflects our current properties as of June 30, 2025, that are either operational, under construction or in development, along with their expected respective data center and potential hashrate capacities once operational:
| Site | Capacity(MW) | Capacity(EH/s) | Status |
|---|---|---|---|
| Canal Flats (British Columbia, Canada) | 30 | 1.6 | Operating |
| Mackenzie (British Columbia, Canada) | 80 | 5.2 | Operating |
| Prince George (British Columbia, Canada) | 50 | 3.1 | Operating |
| Childress BTC Mining (Texas, USA) | 650 | 40.1 | Operating |
| Total Operating | 810 | 50.0 | |
| Childress Horizon 1 (Texas, USA) | 75 | N/A | Under construction |
| Sweetwater 1 (Texas, USA) | 1,400 | N/A | Substation under construction |
| Total Construction | 1,475 | N/A | |
| Childress Expansion | 25 | Power available | |
| Sweetwater 2 (Texas, USA) | 600 | Connection agreement signed | |
| Additional Pipeline | >1,000 | Development | |
| Total | >3,910 | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.