IREN Wants To Build A New Massive Data Centre In Australia

IREN wants to build their next major data centre campus in Australia. And they’ve just cut a new grid connection deal to do it.

What’s happening:

• IREN (NASDAQ: IREN) has entered into a new transmission connection agreement for a 800 megawatt data centre campus in Bundey, South Australia
  

Why it matters:‍

• This is the first data centre campus IREN has ever committed to building in Australia
  

Going deeper:‍

• IREN’s new data centre in Bundey, South Australia is one of the largest data centre campuses being planned in the Asia-Pacific region and IREN has publicly stated that the site will benefit from submarine fibre connectivity into regions including Singapore, Indonesia, South Korea and Japan
  
• Nvidia (NASDAQ: NVDA) and IREN just recently made major waves when they formed a new partnership to deploy 5 gigawatts of new physical infrastructure for artificial intelligence workloads and high performance computing

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