What did IREN (NASDAQ:IREN) announce regarding its expansion into Australia?

IREN announced plans to build its first domestic data centre campus in Bundey, South Australia, marking its return to the Australian market.

When will the new IREN (NASDAQ:IREN) South Australian data centre become operational?

The 800-megawatt data centre campus in Bundey is slated to become operational in 2028. However, this timeline is not fully guaranteed as the project is still in its early stages and remains pending necessary regulatory approvals.

How does the Bundey campus fit into IREN’s broader corporate strategy?

The project represents a strategic pivot and expansion for IREN, moving further from its origins as a pure-play Bitcoin miner into a massive scale AI digital infrastructure provider.

Which international markets will the new IREN (NASDAQ:IREN) data centre serve?

The South Australian facility will connect directly to the state's high-voltage transmission network to export AI processing power internationally. IREN plans to service major regional digital demand hubs across the APAC region, specifically targeting Singapore, Indonesia, South Korea, and Japan.

Why did IREN choose South Australia for its 800-megawatt AI data centre?

According to IREN management, South Australia provides the critical inputs required for high-performance computing at scale: abundant clean energy and strong regional connectivity.

How is IREN funding its massive graphic processing unit (GPU) infrastructure spending?

IREN recently locked in $3.65 billion in A-rated financing, which is fully backed by its existing multibillion-dollar AI cloud agreement with Microsoft. This capital injection effectively funds nearly all of the company's upcoming GPU procurement tied to that specific commercial contract.

What major technology partnerships support IREN’s recent growth narrative?

Over the past year, IREN has validated its AI infrastructure capabilities by securing a multibillion-dollar AI cloud contract with Microsoft and establishing a formal partnership with Nvidia.

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IREN plans South Australian AI data centre

Written by Liezl GambePublished Jun. 3 2026Last Updated Jun. 3 2026

Australian-founded digital infrastructure provider IREN (NASDAQ:IREN) unveiled plans to build its first domestic data centre campus in South Australia to capture the Asia-Pacific region’s artificial intelligence boom.

The former Bitcoin miner has executed a crucial transmission connection agreement for a 800-megawatt facility in Bundey, positioned to satisfy tech companies' intensifying global scramble for high-performance compute workloads, power, and land.

Slated to become operational in 2028 pending regulatory approvals, the campus will plug directly into South Australia’s high-voltage transmission network.

IREN intends to funnel critical AI processing power across the APAC region, linking Australia directly to key regional digital demand centres including Singapore, Indonesia, South Korea, and Japan.

"South Australia offers what AI infrastructure at scale requires: abundant clean energy, the connectivity to serve the APAC region, and a state government that understands the opportunity," said IREN co-founder and co-CEO Daniel Roberts.

Over the past year, IREN has secured a multibillion-dollar AI cloud agreement with Microsoft and a partnership with Nvidia.

The firm locked in $3.65 billion in A-rated financing backed by that Microsoft contract, effectively funding its upcoming graphic processing unit procurement.