IREN's Global Expansion Accelerates: Can It Drive Future Growth?

IREN Limited IREN is expanding its global AI data center infrastructure to capitalize on rising demand for artificial intelligence computing. The company has announced a development pipeline exceeding 5 gigawatts (GW) across North America, Europe and Australia. It targets approximately 300 megawatts (MW) of commissioned IT capacity by year-end 2026 and 800 MW by year-end 2027, creating opportunities to scale its AI Cloud Services business. In the United States, IREN is advancing projects in Texas and Oklahoma. At Childress, TX, it delivered Horizon 1, the first of four planned 50-MW liquid-cooled IT deployments for Microsoft. The remaining three deployments are targeted for delivery in the fourth quarter of 2026.