AI Data Centers
• Customer engagement continues for Horizon 1 (50MW IT Load), IREN’s liquid-cooled AI data center at Childress
• Procurement is underway for long-lead equipment to enable rapid expansion of liquid-cooled capacity beyond the initial 50MW deployment
• A range of financing options under evaluation, including customer prepayments, corporate and projectlevel debt, convertible notes, and asset-backed financing and leasing
Most of this was released earlier this week in the update.