IREN Limited (NASDAQ:IREN) ("IREN") today announced that its 2GW Sweetwater Hub (Sweetwater 1 and Sweetwater 2) has been conditionally included in the Electric Reliability Council of Texas ("ERCOT") Batch Zero process as Base Load.

Sweetwater 1 (1,400MW) and Sweetwater 2 (600MW) form part of IREN’s announced >5GW global data center development portfolio.

At Sweetwater 1, IREN’s high-voltage substation was energized earlier this year, and construction of 300MW (gross) of data center capacity continues with delivery targeted for Q4 2027.

Additional large-scale projects within IREN’s broader development pipeline have also been included in Batch Zero. Consistent with its approach to date, IREN will include these projects in its announced development portfolio following the execution of the relevant grid connection agreements.

ERCOT’s classifications remain conditional and subject to ongoing approval processes.