The announcement comes days after IREN secured $3.65 billion in financing to support its Microsoft AI contract.

The debt package helps IREN cover about 96% of the GPU spending needed to fulfill the Microsoft contract.

The site is expected to house an 800 megawatt facility – more than twice the size of any data centre in Australia.

IREN Limited (NASDAQ:IREN) shares are trading higher Wednesday after securing transmission deal for planned 800MW South Australia data center.

The AI infrastructure firm secured a grid connection for a planned South Australian campus, with energization targeted for 2028.

IREN expands its data center, AI operations to Australia with new deal. Bernstein shifts targets on three bitcoin miners. Bitcoin price slides.

The announcement comes days after IREN secured $3.65 billion in financing to support its Microsoft AI contract.

The biggest data centre in Australia will be built in its only 100 pct net renewables grid. And it could have a major impact, including eliminating negative demand.