IREN Launches First Australian Data Center Campus to Meet Rising AI Demand in Asia-Pacific

IREN has announced plans to build its first data center campus in Australia, marking a significant step in its strategy to expand artificial intelligence infrastructure across the Asia-Pacific region.

The company signed a transmission connection agreement for a planned 800-megawatt data center campus in Bundey, South Australia. The facility is expected to begin operations in 2028, subject to regulatory approvals.

South Australia Chosen for AI Growth Strategy

The new campus will connect to South Australia’s high-voltage transmission network and is designed to serve major technology and AI demand centers across Asia-Pacific, including Singapore, Indonesia, South Korea, and Japan.

IREN said the location offers access to clean energy resources, strong connectivity, and infrastructure needed to support large-scale AI computing workloads as demand for advanced data processing continues to grow.

AI Boom Drives Data Center Investment

Technology companies around the world are racing to secure power capacity, land, and network infrastructure to support the rapid expansion of artificial intelligence services. IREN believes its Australian project will position the company to benefit from this long-term trend.

VanEck’s head of digital asset research, Matthew Sigel said;

$3.65 Billion Financing Supports Expansion Plans

Earlier this week, IREN secured $3.65 billion in financing backed by its AI cloud agreement with Microsoft. The funding is expected to cover most of the graphics processing unit (GPU) investments required under that partnership.

Following news of the Australian project, IREN shares rose nearly 4% in trading. Analysts noted that the planned campus could become a significant long-term asset as demand for AI infrastructure continues to accelerate across global markets.