Infrastructure head Korolenk said “been able to secure sites and power and customer commitments for 2027, and so we are ramping up construction activities accordingly.” IREN says it is selective about allocating capacity before new facilities are commissioned, prioritizing a diversified customer base, while demand from hyperscalers, enterprises, AI developers and frontier labs exceeds both its operational and planned capacity — and it is already in discussions with customers for infrastructure due to come online throughout the 2026 and 2027 programme. When things are hot the $300 per night is buys every night and when things are pretty hot Airbnb is at 70% capacity.