AI infrastructure provider IREN is shifting its primary expansion strategy from Canada to the United States. The company is developing 4.35 gigawatts of new data center capacity across Texas and Oklahoma. These facilities will service major contracts with global technology giants.
Growth in British Columbia has slowed due to regulatory hurdles and power-sourcing constraints. IREN currently operates three data centers in the province with a combined capacity of 160 megawatts. The provincial utility now rations power allocations to data centers, limiting the potential for large-scale expansion.
Company executives cited the larger U.S. power grid and more favorable permitting environments as primary drivers for the move. This strategic shift highlights how energy availability dictates the pace of the global AI infrastructure race.