Location | Prince George, British Columbia (Canada) |
Land | 50-year lease, with an option to purchase the freehold land |
Status | Operational |
Power Capacity | 50MW (1.6 EH/s) |
Connectivity | Dual physical fiber paths |
Employment | Over 20 full-time roles |
Our facility is located in Prince George (population ~76,000), the largest city in northern British Columbia, located 500km north of Vancouver.
IREN has a 50-year long-term lease (30-year initial lease term, with 2 x 10-year extensions) over the 12-acre site, with an option to purchase. The facility supports more than 20 full-time local jobs in Prince George.
The facility will generate long-term revenue streams for the City of Prince George and the local community over the multi-decade expected life of the business. IREN has committed to purchasing locally and contracting with local businesses where it is possible and makes sense to do so.
The site is connected to the BC Hydro transmission network and powered by 100% renewable energy, currently approximately 98% sourced from clean or renewable sources as reported by BC Hydro (primarily from hydroelectricity) and 2% sourced from the purchase of RECs.
Declining industrial demand over the past couple of decades and additional renewable generation capacity has resulted in BC Hydro having excess generation compared to load and IREN’s data centers can absorb some of this excess capacity, which under the regulatory model applicable in British Columbia has the benefit of reducing rates for other BC Hydro customers.