IREN Launches 1,600MW AI Data Center Campus in Oklahoma, Backed by $9.7B Microsoft Deal

Mar 18, 2026
IREN
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Summary

IREN launches a massive 1,600MW AI data center campus across 2,000 acres in Oklahoma, backed by a landmark $9.7 billion Microsoft deal, positioning the facility as a major emerging hub for AI infrastructure in the United States with power ramping up in 2028.

Key Points

  • IREN is developing a massive 1,600MW AI data center campus in Oklahoma, spanning 2,000 acres and positioned as a key emerging hub for AI infrastructure in the United States.
  • The grid-connected Oklahoma facility offers less than 6ms latency to major network hubs, with power capacity scheduled to begin ramping up in 2028 following substation energization.
  • IREN recently signed a $9.7 billion agreement with Microsoft to deploy AI cloud infrastructure, signaling major momentum for the company's expanding data center portfolio across North America.

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