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What is established
Under construction. 750 MW announced (critical it load); expected Dec 2026; owned or developed by IREN.
What is not disclosed
Accelerator count, project capex, named tenant, power source, cooling technology — not disclosed by any source on this page. Recorded as unknown, never as zero.
Analyst note
'750 MW campus located in Childress, Texas.' $9.7B is contract value (cloud services revenue), not capex — capexUsd null; hardware funded partly via '$5.8 billion' Dell purchase agreement and a 20% Microsoft prepayment. Site began as grid-connected bitcoin campus (345kV). Horizon 1 (first GB300 cluster) handover targeted Q3 2026.
Physical work is under way and the evidence includes a primary source.
Power readiness
Capacity basis stated
The source distinguishes IT load from total site power or on-site generation.
Derived from the evidence on this page by a published rule, not a model. How this is calculated.
NVIDIA GB300
34.4260, -100.2040
No companies linked to this project yet.
| Metric | Value | Confidence | As of | Basis / methodology | Source |
|---|---|---|---|---|---|
| Power | 750 MW | High | Not disclosed | Basis: IT load. Announced target, not energized capacity. Note: '750 MW campus located in Childress, Texas.' $9.7B is contract value (cloud services revenue), not capex — capexUsd null; hardware funded partly via '$5.8 billion' Dell purchase agreement and a 20% Microsoft prepayment. Site began as grid-connected bitcoin campus (345kV). Horizon 1 (first GB300 cluster) handover targeted Q3 2026. | IREN |
IREN · Nov 3, 2025 · accessed Jul 29, 2026
IREN announced a multi-year agreement with Microsoft valued at approximately $9.7 billion to deliver GPU cloud infrastructure The GPUs will be deployed in 4 phases through 2026 (Horizon 1-4) and will collectively provide 200MW of critical IT load.
Reliability
95/100
'750 MW campus located in Childress, Texas.' $9.7B is contract value (cloud services revenue), not capex — capexUsd null; hardware funded partly via '$5.8 billion' Dell purchase agreement and a 20% Microsoft prepayment. Site began as grid-connected bitcoin campus (345kV). Horizon 1 (first GB300 cluster) handover targeted Q3 2026.
No revisions recorded.
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