Overview
- IREN announced Wednesday that it signed a transmission connection agreement for an 800MW campus in Bundey, South Australia, marking the company’s first announced Australian data center project.
- The agreement secures four 330kV feeder exits into the utility substation, a configuration IREN says will support up to 800MW without additional network upgrades.
- IREN plans to begin early works and procurement subject to regulatory approvals and targets energization of the Bundey campus from 2028.
- The company highlights submarine fiber links into Singapore, Indonesia, South Korea and Japan to serve Asia‑Pacific AI demand and says the site benefits from South Australia’s fast shift to renewable power.
- IREN projects more than 500 construction jobs and over 200 ongoing skilled roles, but investor focus remains on the company’s recent financing moves and its ability to secure GPU supply and regulatory clearances needed to turn announced capacity into operating AI cloud services.