IREN adds 4% premarket as company unveils 800MW Australian AI data center campus
IREN has announced plans to build an 800MW AI data center campus in South Australia, with operations expected to begin in 2028. The project leverages the region's renewable energy goals and submarine fiber connectivity to meet growing Asia-Pacific demand for AI infrastructure.
Why it matters
The project represents a major investment in physical AI infrastructure, highlighting the critical link between renewable energy availability and the expansion of large-scale computing capacity.
Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email IREN adds 4% premarket as company unveils 800MW Australian AI data center campus The AI infrastructure firm secured a grid connection for a planned South Australian campus, with energization targeted for 2028. By James Van Straten , AI Boost | Edited by Stephen Alpher Jun 3, 2026, 1:01 p.m. 1 min read Make preferred on What to know : IREN announced plans for an 800MW data center campus in South Australia, one of the largest AI infrastructure projects announced in the Asia-Pacific region. Shares rose about 4% in pre-market trading. IREN (IREN) shares rose more than 4% in pre-market trading on Wednesday after the company announced plans for an 800-megawatt data center campus in South Australia, marking its first major Australian data center project.
The article provides a factual business update on infrastructure expansion and market performance.
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