The site
The site from above
Permits
Permits checklist
4 pending · 2 checked, nothing on file
Approvals a campus like this normally needs, and what we found.
- ◷Tax incentive plan and two incentive districts PendingPittsburg County Board of County Commissioners · June 22, 2026: the committee recommended it 7-0 on Apr. 21, but the Board tabled it 3-0 and nothing is adopted News report · June 2026
- ◷Proposed plan amendment PendingCounty tax incentive review committee · Sept. 30, 2026: considered Sept. 30; a neighbor delivered a cease-and-desist; outcome not public News report · Sept. 2026
- ◷Large-load electric tariff PendingOklahoma Corporation Commission · Oct. 1, 2026: heard Oct. 1, 2026; final order pending News report · Oct. 2026
- ◷Raw water supply PendingCity of McAlester · Aug. 12, 2025: council voted to negotiate; no executed agreement found News report · Aug. 2025
- –Checked, nothing on file: Electric service agreement, Air permit
Risks
Why it stopped, what could revive it
- HighTax-break plan tabledThe Board tabled both incentive districts 3-0; a rewrite restarts the county process, and the Sept. 2026 amendment has no public outcome. News report · June 2026
- HighNo power contractThe large-load tariff awaits a commission order, and no service agreement exists; customers face 15-year terms, 80% minimum billing and four years of collateral. see Permits
- HighNo tenant or financingNo tenant, letter of intent or project financing names Kiowa; IREN's big cloud contracts are for other sites. News report · Oct. 2026
- MediumOrganized oppositionA referendum petition campaign is ready to start if the plan is adopted, and a neighbor has served a cease-and-desist. News report · Sept. 2026
- MediumNo air permit or water dealNo state air permit application was found, and the raw-water request to McAlester has no executed supply agreement. State agency · Oct. 2026
Power
Power and the grid
None energized or contracted yet
Grid power from Public Service Company of Oklahoma, company's gross figureProposed, no agreement found
IREN says grid studies are complete and power ramps from 2028; no service agreement is on record Company · Feb. 2026
Load in the county planProposed, plan not adopted
the plan's own arithmetic: two phases of 600 MW News report · April 2026
Proposed
Backup generators (emergency use, not a power supply)
- Backup generators Planned, no air permit founddiesel or natural gas, per IREN's county questionnaire; no on-site prime power disclosed News report · Feb. 2026
Getting on the grid
Who supplies what, what it costs, and what is still not public.
- Feb. 5, 2026Campus announcedIREN announces a 1.6 GW Oklahoma campus on a 2,000-acre site, with grid studies complete and power ramping from 2028. Company · Feb. 2026
- June 26, 2026New large-load tariff proposedPSO and parties file a settlement creating a Large Load Service tariff for customers above 75 MW. Utility regulator · June 2026
- Aug. 21, 2026Judge recommends the termsAn administrative law judge recommends 15-year terms, 48 months of collateral and exit fees for data centers above 75 MW. News report · Aug. 2026
- Oct. 1, 2026Commission hears the caseThe Oklahoma Corporation Commission hears the tariff case; a final order is pending. see Permits
- Not setElectric service agreement: none foundNo service agreement or commission filing naming Kiowa or its project company was located. see Permits
- Under the proposed tariff's full-service option, a customer takes a 15-year term, pays at least 80% of contract demand, posts collateral equal to 48 months of minimum bills, and owes an exit fee. Utility regulator · June 2026
- No campus-level queue entry or study from the regional grid operator is published; IREN's grid-studies claim rests on its own statement. Company · Feb. 2026
- A 345 kV line passes within about 20 meters of the site anchor, and the Kiowa switching station is about 2 km away. OpenStreetMap · Oct. 2026
What is next door
Distances from mapped lines and plants. OpenStreetMap · Oct. 2026
Money
Money on record
$83.7M
land purchased by Emerald ProjectCo
eight deeds from Dec. 29, 2025 to Aug. 11, 2026 (press) News report · Aug. 2026
Up to 85%
proposed property tax abatement for 25 years
sliding with MW energized; proposed and tabled, not adopted News report · April 2026
$200K to $5M a year
proposed community payment
rises with load; the amendment would set $400,000 in 2027; minimums are illustrative only News report · April 2026
$5.9B
IREN group cash at Jun. 30, 2026
company-wide, not tied to Kiowa; no project financing disclosed Company · Aug. 2026
Timeline
What happened, and what is due
SitePaper trailConstructionPowerPermitsMoneyLegalUpcoming
- Nov. 26, 2024Site First land purchase agreement becomes effective with Black Mountain Energy Storage II News report · Nov. 2024
- July 29, 2025Paper trail Emerald ProjectCo Inc. is incorporated in Delaware News report · July 2025
- July 30, 2025Site The land assembler asks McAlester for 6 million gallons a day of raw water for a data center south of Kiowa News report · July 2025
- Nov. 7, 2025Permits The county's first public word: an agenda item to appoint a data center tax incentive committee News report · Nov. 2025
- Dec. 8, 2025Site IREN presents the project to the county review committee and seeks tax abatement News report · Dec. 2025
- Dec. 29, 2025Money First warranty deed to Emerald ProjectCo, $15M News report · Dec. 2025
- Feb. 5, 2026Site IREN announces a 1.6 GW Oklahoma campus with power ramping from 2028 Company · Feb. 2026
- April 21, 2026Permits The county review committee recommends the incentive plan 7-0 (a recommendation, not a decision) News report · April 2026
- June 22, 2026Permits County commissioners table the plan and both districts 3-0 after two public hearings News report · June 2026
- Aug. 11, 2026Money Land buying continues: $83.7M across eight deeds, $22.1M of it after the plan was tabled (press) News report · Aug. 2026
- Sept. 2026Permits A neighboring landowner hand-delivers a cease-and-desist over a proposed plan amendment News report · Sept. 2026
- Oct. 1, 2026Power State utility regulators hear the large-load tariff case; no order yet News report · Oct. 2026
- 2028Power Earliest tax district activation under the draft plan; IREN says power ramps from 2028 Company
Construction activity
Satellite captures by quarter
Since Jan. 2022: 66 satellite captures. The chart starts in the first quarter of 2023; 4 earlier records are not drawn.
Satellite
’23
’24
’25
’26
Dot size: records in the quarter, largest = 5. Two-digit years mark each first quarter.
The buildings
Specs
6 million gal/day
raw water requested from McAlester in 2025 by the land assembler; no supply agreement found
40 to 150 jobs
40 per phase in the plan, 100 to 150 per a commissioner; no jobs commitment in the plan
- Closed-loop cooling: company design intent, no evaporative cooling disclosed News report · June 2026
Who is involved
Owners, partners and builders
Owners and developers
- IREN Limited (Nasdaq: IREN): developer and planned owner-operator
- Emerald ProjectCo Inc.: project company and landowner of record, formed Jul. 29, 2025
- Black Mountain Energy Storage II LLC: assembled the land, assigned it to Emerald in Oct. 2025
- First Financial Bank: holds a $6M mortgage on Black Mountain tracts
Utility and neighbors
- Public Service Company of Oklahoma (AEP): serving utility
- Kiowa Power Partners (Tenaska): runs the neighboring Kiamichi gas plant
Decision-makers
- Pittsburg County Board of County Commissioners
- County tax incentive review committee
- Oklahoma Corporation Commission
- City of McAlester and Rural Water District 11: possible water suppliers
Opponents
- Referendum petition campaign (petition.mcalester.net)
- A neighboring landowner who served a cease-and-desist
Still unknown
Open questions
- Any tenant or project financing for Kiowa.
- A power service agreement and a final tariff order.
- Whether the county adopts the incentive plan or its amendment.
- A water supply source and an air permit filing.
Where this comes from
686 records from 30 documents
Drawn from news reports, public and commercial datasets, company statements, securities filings, state agency records, utility regulator dockets, local government records and satellite captures, each kept with its date and source. The bar shows documents by type.
News report 12Dataset 8Company 3SEC filing 3State agency 3Utility regulator 1Local government 1Satellite 0
Evidence
Every quote behind this page
Grade key: A = the primary record itself (permit, filing, exhibit) · B = a dated official statement · C = news reporting. Map distances are our own measurements on OpenStreetMap and carry no grade. Allegations in lawsuits are marked as such in the quotes.
Power (34)
- Stated campus size: 1,600 MW“Sweetwater 2, Texas, United States 600MW Kiowa, Oklahoma, United States 1,600MW Bundey, South Australia, Australia 800MW”SEC filing · Aug. 2026 · grade A
- Utility rate status: The utility serving Kiowa has submitted a proposed rate under Oklahoma's new large-load rate framework (OK Ratepayer Protection Act); the rate is subject to administrative-law-judge review and an Okl“The utility serving our Kiowa project has submitted a proposed rate for this rate class, which shall be subject to review by an administrative law judge and a subsequent vote of the Oklahoma Corporation Commission”SEC filing · Aug. 2026 · grade A
- Stated campus size: 1,600 MW“Sweetwater 2, Texas, United States 600MW Kiowa, Oklahoma, United States 1,600MW Bundey, South Australia, Australia 800MW”SEC filing · Aug. 2026 · grade A
- Interconnection status: Interconnection study / tariff stage - not yet contracted: the serving utility is Public Service Company of Oklahoma (PSO, AEP); per IREN's FY26 10-K, PSO has submitted a proposed rate for the new“The utility serving our Kiowa project has submitted a proposed rate for this rate class, which shall be subject to review by an administrative law judge and a subsequent vote of the Oklahoma Corporation Commission”SEC filing · Aug. 2026 · grade A
- Rate class: PSO Large Load Service (LLS) tariff, contract demand exceeding 75 MW at a single delivery point (OCC PUD 2025-000075; HB 2992, 17 O.S. Sections 900-905)“applicable to eligible customers with contract demand exceeding 75 MW at a single delivery point”Utility regulator · June 2026 · grade A
- Minimum bill terms: LLS Option 3 (full PSO generation service): 15-year initial term; billing demand minimum 80% of contract demand; collateral equal to 48 months of non-fuel minimum bills; exit notice after 60 months wi“Option 3 shall include a 15-year initial term, with a customer-elected load ramp of up to five years”Utility regulator · June 2026 · grade A
- Jurisdiction note: County controls only the tax districts (Oklahoma Local Development Act, 62 O.S. Section 850 et seq.); there is no county zoning gate for the site. Power terms are state-set: OCC/PSO under HB 2992 (17 O“Oklahoma HB 2992, the Data Center Customer Protection Act of 2026, was approved by the Governor on May 11, 2026, and becomes effective July 1, 2026”Utility regulator · June 2026 · grade A
- large load tariff: joint stipulation filed“PSO shall establish a new, separate large-load tariff (Large Load Service or LLS Tariff)”Utility regulator · June 2026 · grade A
- Neighbouring generation: Tenaska Kiamichi Generating Station (Kiowa Power Partners, LLC), existing gas-fired plant, 4386 Old 69 Road, Kiowa, in Sec 34 T3N R13E, inside the Plan's Phase 2 section set“Kiowa Power Partners, LLC is authorized to discharge from the Tenaska Kiamichi Generating Station facility, located at SW, SW, Section 34, Township 3N, Range 13EIM”State agency · June 2026 · grade A
- Current target date: Power scheduled to ramp from 2028 (company); no building COD published; the Project Plan bars district activation before Jan 1, 2028“Grid-studies complete, with power scheduled to ramp from 2028”Company · grade B
- Nearest substation: Kiowa Switch (345 kV, Public Service Company of Oklahoma) - 1.99 kmMeasured on OpenStreetMap map data.
- Nearest power line of 345 kV or more: unnamed (345 kV, Oklahoma Gas & Electric) - 0.02 kmMeasured on OpenStreetMap map data.
- Nearest power line of 138 kV: unnamed (138 kV) - 0.38 kmMeasured on OpenStreetMap map data.
- Nearest gas pipeline: no substance-verified gas pipeline mapped within 16 km (nearest pipeline way, substance untagged, 0.44 km)Measured on OpenStreetMap map data.
- Nearest generation plant: Kiamichi Energy Facility (Kiowa Power Partners LLC, gas) - 3.23 kmMeasured on OpenStreetMap map data.
- Electric service agreement signed: None found, no electric service agreement or OCC filing naming Kiowa or Emerald ProjectCo located“PSO shall establish a new, separate large-load tariff (Large Load Service or LLS Tariff)”Utility regulator · Oct. 2026 · grade B
- Original target date: None ever stated by the company“Grid-studies complete, with power scheduled to ramp from 2028”Company · Oct. 2026 · grade B
- IREN files FY26 Form 10-K and FY26 results: Kiowa listed at 1,600 MW gross, Development; group unrestricted cash $5,895.6m at Jun 30, 2026“Global development progress at multiple sites including Childress, Mackenzie, Canal Flats, Prince George, Sweetwater (TX), Kiowa (OK)”Company · Aug. 2026 · grade B
- Stated campus size: 1,600 MW“New 1.6GW Data Center Campus in Oklahoma”Company · June 2026 · grade B
- Operator: IREN Limited (planned owner-operator; self-developed)“Increases secured grid-connected power to >4.5GW”Company · Feb. 2026 · grade B
- Interconnection status: Grid studies complete (company, Feb 5, 2026); power scheduled to ramp from 2028; no campus-level SPP study or queue entry is published (SPP large loads proceed under the HILL study process; CHILLS“Grid-studies complete, with power scheduled to ramp from 2028”Company · Feb. 2026 · grade B
- Power plan: grid“Increases secured grid-connected power to >4.5GW”Company · Feb. 2026 · grade B
- IREN publicly announces the 1.6 GW Oklahoma campus in its Q2 FY26 results: grid studies complete, power ramp from 2028, 2,000-acre site“New 1.6GW Data Center Campus in Oklahoma”Company · Feb. 2026 · grade B
- Paper or real: Paper: the 1,600 MW is a transmission ceiling and the plan's own arithmetic is 1,200 MW energized; binding minimum payments, the TIA, the EDA, an ESA and a water agreement do not exist. Real: $83.7m of rec“A Project Plan recommended 21 Apr 2026 — no executed agreement exists”News report · Oct. 2026 · grade C
- large load tariff: hearing held; final order pending“The Corporation Commission heard the case en banc on 1 October 2026”News report · Oct. 2026 · grade C
- Grid operator: SPP (Southwest Power Pool)“Public project plans and SPP studies indicate around 13.5 GW of data-center campus capacity connected or seeking connection to SPP”Dataset · Sept. 2026 · grade C
- large load tariff: ALJ recommendation issued“An administrative law judge recommended those terms on 21 August 2026”News report · Aug. 2026 · grade C
- Utility: Public Service Company of Oklahoma (PSO, AEP)“Kiowa Oklahoma · PSO · 1,600MW · Development”News report · June 2026 · grade C
- Conditions of approval: Plan not adopted. Adoption path: BOCC resolution after two public hearings (62 O.S. Section 859); Tax Incentive Agreement with all five taxing entities within 60 days of adoption; district activat“The Board tables the plan, 3-0, and sends it back to the committee. Nothing has been adopted”News report · June 2026 · grade C
- Utility service: 1,200 MW“The 1.2 GW figure is what IREN actually plans to operate, as written in the project plan: 600 MW per phase, 1.2 GW combined”News report · April 2026 · grade C
- Phases: 2 (Phase 1 and Phase 2, one Incentive District each; 600 MW energized planned per phase) phases“The project is now clearly divided into two phases. Each phase has its own incentive district, and each phase can start independently”News report · April 2026 · grade C
- Stated campus size: 1,600 MW“New 1.6GW Data Center Campus in Oklahoma”Company · Feb. 2026 · grade C
- On-site power technology: Backup generators planned (fuel diesel or natural gas, per the company's Feb 2026 county questionnaire); no prime on-site generation permitted or disclosed“Diesel or natural gas (natural gas supply is available onsite)”News report · Feb. 2026 · grade C
- Time to service (months): Earliest district activation Jan 1, 2028 (plan); company power ramp from 2028; phase-one operations about 3 years from Dec 2025 per the company's committee presentation (approx. late 2028)“phase one could be commencing operation about 3 years from now”News report · Dec. 2025 · grade C
Money and contracts (53)
- compute services (end customer): scope not named end customer“Kiowa provides the path to another hyperscale tier opportunity as power ramps from 2028.”SEC filing · May 2026 · grade A
- Tenants: None named for this campus“Signed a new multi-year AI Cloud contract with a leading frontier AI lab”Company · Oct. 2026 · grade B
- Stage: Announced / development, land largely assembled and still being bought ($83.7m of deeds through Aug 2026); incentive plan recommended but tabled and unadopted; no ESA, no tenant, no permits, no construction“Global development progress at multiple sites including Childress, Mackenzie, Canal Flats, Prince George, Sweetwater (TX), Kiowa (OK)”Company · Oct. 2026 · grade B
- Tenant status: none named“Sweetwater 2, Texas, United States 600MW Kiowa, Oklahoma, United States 1,600MW Bundey, South Australia, Australia 800MW”SEC filing · Aug. 2026 · grade B
- Company-level: new multi-year AI Cloud contract with an unnamed leading frontier AI lab announced in FY26 results; customer and site undisclosed - NOT recorded as a Kiowa tenant“Signed a new multi-year AI Cloud contract with a leading frontier AI lab”Company · Aug. 2026 · grade B
- Announced: Feb. 5, 2026“NEW YORK, Feb. 05, 2026 (GLOBE NEWSWIRE) — IREN Limited (NASDAQ: IREN) today reported its financial results”Company · Feb. 2026 · grade B
- Financing: No project-level financing disclosed for Kiowa. Corporate (not site-specific): cash and equivalents $2.8bn at Jan 31, 2026; >$9.2bn funding secured FY-to-date at Feb 5, 2026 USD“Cash and cash equivalents were $2.8bn as of January 31, 2026”Company · Feb. 2026 · grade B
- Tenant status: none announced, no tenant, LOI or customer contract names Kiowa“Announced contracts sum to roughly $15.9bn (Microsoft $9.7bn, NVIDIA $3.4bn, the July trio $2.8bn)”News report · Oct. 2026 · grade C
- proposed plan amendment: activation Activation becomes automatic: no further formal action is required on behalf of the County Commissioners - on substantial completion, on company notice, or on the 10th anniversary of t“no further formal action is required on behalf of the County Commissioners”News report · Sept. 2026 · grade C
- proposed plan amendment: mw energized definition MW Energized would be widened to count on-site / behind-the-fence generation“MW Energized would count generation behind the fence”News report · Sept. 2026 · grade C
- proposed plan amendment: abatement tiers Upper five tiers cut to 45% / 55% / 65% / 75% / 75% (above 550 MW)“Upper five tiers cut to 45%/55%/65%/75%/75% (over 550)”News report · Sept. 2026 · grade C
- proposed plan amendment: community betterment payment $400,000 in 2027, paid to the Designated County Trust“CBP: $400,000 in 2027”News report · Sept. 2026 · grade C
- proposed plan amendment: company definition assignment Company widened to any entity majority-owned by, affiliated with or under common control with Emerald ProjectCo Inc.; Section 9.7 assignment procedures to be set out“Company means any entity majority-owned by, affiliated with, or under common control with Emerald ProjectCo Inc.”News report · Sept. 2026 · grade C
- land purchase and assignment: scope consideration Purchase and sale agreements effective Nov 26, 2024; Black Mountain assigned its land rights to Emerald ProjectCo in five instruments recorded Oct 21 and 27, 2025; Emeral“The first purchase agreement is dated effective 26 November 2024”News report · Sept. 2026 · grade C
- Land price: 83682500 USD“That is $83,682,500 across eight deeds between 29 December 2025 and 11 August 2026”News report · Aug. 2026 · grade C
- Land purchases continue after the tabling: deeds of Jun 30 ($15m), Jul 14 ($4.167m) and Aug 11 ($2.9815m) total $22,148,500 recorded after Jun 22, 2026; eight deeds total $83,682,500“That is $83,682,500 across eight deeds between 29 December 2025 and 11 August 2026”News report · Aug. 2026 · grade C
- tax incentive district plan (Project Plan): status Recommended by the TID Statutory Review Committee 7-0 on Apr 21, 2026; tabled by the Board of County Commissioners 3-0 on Jun 22, 2026; NOT adopted; no executed agreemen“A Project Plan recommended 21 Apr 2026 - no executed agreement exists”News report · June 2026 · grade C
- cloud services contract (company-level, NOT Kiowa): value scope Five-year AI Cloud contract of approximately $3.4 billion for NVIDIA's own AI and research workloads; sites not named as Kiowa“Nvidia to invest up to $2.1bn in neocloud IREN, funding deployment of up to 5GW of Nvidia DSX-aligned compute”News report · May 2026 · grade C
- strategic partnership (company-level, NOT Kiowa): scope Accelerate deployment of up to 5 GW of NVIDIA DSX-aligned AI infrastructure across IREN's global power pipeline over time; the flagship DSX deployment is the 2 GW S“up to 5GW of Nvidia DSX-aligned compute”News report · May 2026 · grade C
- strategic partnership (company-level, NOT Kiowa): equity right conditions NVIDIA holds a five-year right to purchase up to 30 million IREN ordinary shares at $70 per share (up to $2.1 billion), subject to conditions incl“Strategic partnership with NVIDIA and five-year AI Cloud contract”News report · May 2026 · grade C
- Company-level: NVIDIA $3.4bn five-year AI Cloud contract and DSX strategic partnership announced (flagship deployment Sweetwater, TX) - Kiowa not covered“Nvidia to invest up to $2.1bn in neocloud IREN, funding deployment of up to 5GW of Nvidia DSX-aligned compute”News report · May 2026 · grade C
- Incentives: PROPOSED, NOT ADOPTED: Tax Abatement Districts No. 1 and No. 2, ad valorem abatement up to 85% above a Jan 1, 2026 base value, sliding with MW energized, 25 years per district from activation; Community Bett“First, a 25-year property tax abatement. Each phase carries an estimated $25 billion in capital expenditure”News report · April 2026 · grade C
- Stated capital cost: 25000000000 USD per phase“servers, racks and networking equipment are the largest line in the county plan's own cost table: $11.8 billion of about $25 billion a phase”News report · April 2026 · grade C
- tax incentive district plan (Project Plan): abatement rate Sliding scale by MW Energized, on assessed value above Base Value: 0% below 50 MW; 35% at 50-150; 50% at 151-250; 65% at 251-350; 75% at 351-450; 82.5% at 451-55“the company pays full tax on the base, and a reduced share of the increase”News report · April 2026 · grade C
- tax incentive district plan (Project Plan): term 25 years from each district Activation Date; districts may activate independently, in any order“First, a 25-year property tax abatement”News report · April 2026 · grade C
- tax incentive district plan (Project Plan): activation conditions Formal action of the County Commissioners; 50 MW or more energized or reasonably expected within 12 months; district capital investment exceeding $1 billi“activation still required a decision of the County Commissioners”News report · April 2026 · grade C
- tax incentive district plan (Project Plan): base value Assessed value of the site as of Jan 1, 2026, certified by the County Assessor within 90 days of adoption, fixed for the whole term“Only the increase above the Base Value is abatable”News report · April 2026 · grade C
- tax incentive district plan (Project Plan): minimum payment floor Illustrative only: $15m/yr stabilized per the phase table; $10-13m/yr introductory for up to five years; binding minimums are deferred to the Tax Incentiv“a non-binding example”News report · April 2026 · grade C
- tax incentive district plan (Project Plan): community betterment payment $200,000 below 50 MW, rising by tier to $5,000,000/yr above 550 MW; a single payment covering both districts“the Community Betterment Payment - simpler, and single rather than per district”News report · April 2026 · grade C
- tax incentive district plan (Project Plan): termination The company may terminate the Tax Incentive Agreement on not less than 90 days written notice; incentives end; accrued and past obligations survive“the company may terminate that agreement on not less than ninety days written notice”News report · April 2026 · grade C
- tax incentive district plan (Project Plan): execution deadline Tax Incentive Agreement to be executed with the county and every affected Taxing Entity within 60 days of adoption; no district activates until all five have“The incentives do not attach on adoption”News report · April 2026 · grade C
- tax incentive district plan (Project Plan): assignment Permitted successors or assigns; assignment requires the County's review and approval (Section 9.7)“9.7 - Procedures for Assignments”News report · April 2026 · grade C
- tax incentive district plan (Project Plan): outage allowance Six calendar months in a tax year“Section 8.11 was rewritten to allow six calendar months”News report · April 2026 · grade C
- tax incentive district plan (Project Plan): verification audit Annual megawatt certification; county audit rights over MW, assessed value and business personal property; failure to certify drops the company to the lowest“If the company fails to certify, the County or its consultant may estimate the energized load”News report · April 2026 · grade C
- tax incentive district plan (Project Plan): jobs ABSENT: Section 12.5 anticipates 40 ongoing jobs per Phase but the plan imposes no jobs obligation, floor or clawback tied to employment“The Project is anticipated to create 40 ongoing jobs per Phase, along with thousands of construction jobs”News report · April 2026 · grade C
- tax incentive district plan (Project Plan): parent guarantee recapture ABSENT: no parent guarantee, no recapture clause, and no capacity minimum beyond the 50 MW activation trigger appear anywhere in the plan“the two master agreements the Project Plan depends on do not exist”News report · April 2026 · grade C
- tax incentive district plan (Project Plan): economic development agreement An Economic Development Agreement with the county is required under Section 8.4 (prerequisite for transmission connections, road usage and access“requires an Economic Development Agreement”News report · April 2026 · grade C
- First Emerald ProjectCo warranty deed: Weaver trusts, $15,000,000 (Sec 27 SE, Sec 26 SW)“29 December 2025 - Weaver trusts - $15,000,000”News report · Dec. 2025 · grade C
- Emerald ProjectCo qualifies in Oklahoma: President Will Roberts, Secretary Jason Date; declared maximum Oklahoma investment $187,000,000 for the current fiscal year“Certificate of Qualification filed and effective 16 December 2025”News report · Dec. 2025 · grade C
- cloud services agreement (company-level, NOT Kiowa): scope Horizon 1-4 deployments at Childress, Texas; 200 MW combined critical IT capacity; NVIDIA GB300 NVL72. Kiowa is not covered“four liquid-cooled data centers Horizon 1, 2, 3 and 4 at the campus in Childress, Texas”News report · Nov. 2025 · grade C
- cloud services agreement (company-level, NOT Kiowa): value cap Total contract value cap $9,666,845,337.60; aggregate tranche value $9,664,199,424“Total contract value cap - Service Fees will not exceed 9,666,845,337.60”News report · Nov. 2025 · grade C
- cloud services agreement (company-level, NOT Kiowa): term Five-year average term through 2031; estimated monthly payments of $161,180,236.80 for months 1-24 stepping down to $107,199,838.11 from month 25“Estimated Monthly Payments total”News report · Nov. 2025 · grade C
- cloud services agreement (company-level, NOT Kiowa): prepayment 20% of each tranche prepaid; aggregate upfront payment $1,932,839,884.80, credited back pro rata against service fees after month 24“an amount equal to 20.00% of the Tranche Value”News report · Nov. 2025 · grade C
- cloud services agreement (company-level, NOT Kiowa): termination cancellation NOT SURFACED in the materials read: the SOW's 83 redacted passages cover per-tranche values, GPU quantities, delivery dates, GPU-hour price an“What it does not disclose: per-tranche values, GPU quantities, delivery dates, price per GPU-hour, site addresses”News report · Nov. 2025 · grade C
- equipment purchase agreement (company-level, NOT Kiowa): value scope Approximately $5.8 billion for GPUs and ancillary equipment for the Horizon deployment, in tranches from March 2026“The Dell $5.8bn purchase agreement”News report · Nov. 2025 · grade C
- equipment purchase agreement (company-level, NOT Kiowa): payment terms Payable within 30 days of each tranche shipping“payable within 30 days of shipping”News report · Nov. 2025 · grade C
- equipment purchase agreement (company-level, NOT Kiowa): parent guarantee IREN Limited has agreed to unconditionally guarantee IE US Hardware 3's obligations - direct parent recourse (contrast the Kiowa Project Plan, whi“IREN Limited has agreed to unconditionally guarantee IE US Hardware 3's obligations”News report · Nov. 2025 · grade C
- Company-level: Microsoft Partner SOW signed (Childress scope) and Dell $5.8bn purchase agreement with an unconditional parent guarantee - neither covers Kiowa“IREN Limited has agreed to unconditionally guarantee IE US Hardware 3's obligations”News report · Nov. 2025 · grade C
- Land control date: Purchase agreements from Nov 26, 2024 (Black Mountain PSA); assignments to Emerald ProjectCo recorded Oct 21-27, 2025; warranty deeds from Dec 29, 2025“The first purchase agreement is dated effective 26 November 2024”News report · Oct. 2025 · grade C
- Five instruments assigning Black Mountain's land rights to Emerald ProjectCo recorded Oct 21 and 27, 2025“assigned its land rights to Emerald ProjectCo”News report · Oct. 2025 · grade C
- water supply request: scope Request for 6 million gallons/day of raw water for a proposed data center south of Kiowa (letter names no operator); McAlester City Council voted to negotiate on Aug 12, 2025; no executed supp“asking for six million gallons of raw water a day for a proposed data center south of Kiowa”News report · Aug. 2025 · grade C
- First memorandum of the Black Mountain purchase agreement recorded in Pittsburg County (2025-004120)“First memorandum recorded 28 May 2025”News report · May 2025 · grade C
- First purchase and sale agreement for the Kiowa ground becomes effective (Black Mountain Energy Storage II LLC); amended twice by Jan 23, 2025“The first purchase agreement is dated effective 26 November 2024”News report · Nov. 2024 · grade C
Permits and government (24)
- HB 2992, the Data Center Customer Protection Act of 2026 (17 O.S. Sections 900-905), takes effect - separate large-load terms required for facilities above 75 MW“Oklahoma HB 2992, the Data Center Customer Protection Act of 2026, was approved by the Governor on May 11, 2026, and becomes effective July 1, 2026”Utility regulator · July 2026 · grade A
- OCC Joint Stipulation filed in Cause PUD 2025-000075 establishing the PSO Large Load Service tariff framework (over 75 MW; Option 3: 15-year term, 80% minimum billing, 48 months collateral)“PSO shall establish a new, separate large-load tariff (Large Load Service or LLS Tariff)”Utility regulator · June 2026 · grade A
- Air permit status: No OK DEQ air permit application or permit found for IREN, Emerald ProjectCo or a Kiowa data center (searched Oct 18, 2026)“Positive control: DEQ stored-permit library returns OK air permits (GRDA 2019-1021-C; PSO 2019-0607-C PSD); no IREN, Emerald ProjectCo or Kiowa data center permit appears”State agency · Oct. 2026 · grade B
- air permit (construction / operating): none found“Positive control: DEQ stored-permit library returns OK air permits (GRDA 2019-1021-C; PSO 2019-0607-C PSD); no IREN, Emerald ProjectCo or Kiowa data center permit appears”State agency · Oct. 2026 · grade B
- OCC hears the PSO large-load tariff case en banc; final order pending at capture“The Corporation Commission heard the case en banc on 1 October 2026”News report · Oct. 2026 · grade C
- Opposition: Organized referendum-petition campaign (petition.mcalester.net, Guerrilla Publishing), NOT yet circulating because the plan is unadopted; neighbouring landowner cease-and-desist delivered to the committee Se“The Board has tabled the resolution. Nothing can be signed until it acts, and nothing is being circulated”News report · Sept. 2026 · grade C
- tax incentive district amendment (proposed): considered“The committee reconvened 30 September 2026”News report · Sept. 2026 · grade C
- TID Statutory Review Committee (reconvened): Consideration of the company minor-amendment summary (EY, Sep 29, 2026); neighbouring landowner cease-and-desist hand-delivered at the meeting; the amended plan's full text wa“An impacted neighbouring landowner handed the committee a Formal Cease-and-Desist Notice and Demand for Statutory Compliance at the 30 September meeting”News report · Sept. 2026 · grade C
- OCC administrative law judge recommends the PSO large-load tariff (15-year terms, 48 months of collateral, exit fees; contracts signed after Jul 1, 2026)“An administrative law judge recommended those terms on 21 August 2026”News report · Aug. 2026 · grade C
- tax incentive district (Project Plan): tabled“The Board tables the plan, 3-0, and sends it back to the committee. Nothing has been adopted”News report · June 2026 · grade C
- Board of County Commissioners tables both incentive districts 3-0 after two public hearings; the plan remains unadopted“The Board tables the plan, 3-0, and sends it back to the committee. Nothing has been adopted”News report · June 2026 · grade C
- Pittsburg County Board of County Commissioners (second public hearing and meeting): Board tables the Project Plan and both incentive districts and sends the plan back to the committee for new cost estimates“The Board tables the plan, 3-0, and sends it back to the committee. Nothing has been adopted”News report · June 2026 · grade C
- Pittsburg County Board of County Commissioners (public hearing, Southeast Expo Center): First public hearing on the Project Plan; county counsel advised the Board cannot vote until after the second public hearing and tha“if they have to renegotiate the project plan it has to go through the whole process again”News report · June 2026 · grade C
- Development stage: development tid plan recommended“The Emerald ProjectCo Data Center Project Economic Development Project Plan was prepared for the Board of County Commissioners and recommended for approval on 21 April 2026”News report · April 2026 · grade C
- tax incentive district (Project Plan): recommended“The Statutory Review Committee recommended the Project Plan to the Board of County Commissioners on 21 April 2026, 7-0”News report · April 2026 · grade C
- TID Statutory Review Committee recommends Project Plan V9 to the Board of County Commissioners, 7-0“The Statutory Review Committee recommended the Project Plan to the Board of County Commissioners on 21 April 2026, 7-0”News report · April 2026 · grade C
- Project PCDC Tax Incentive District (TID) Review Committee: Recommendation of Project Plan V9 to the Board of County Commissioners; same agenda: discussion with Rural Water District #11 about water supply for Project Eme“The Statutory Review Committee recommended the Project Plan to the Board of County Commissioners on 21 April 2026, 7-0”News report · April 2026 · grade C
- TID Statutory Review Committee: Motion to recommend the Project Plan to the Board of County Commissioners“A motion to recommend died for lack of a second on 7 April”News report · April 2026 · grade C
- TID Statutory Review Committee: Agenda: review of the draft Project Plan (draft dated Feb 24, 2026, then titled IREN Data Center Project)“Agenda records a Review of IREN Data Center Draft Project Plan”News report · March 2026 · grade C
- PCDC Tax Incentive District (TID) Iren Review Committee: IREN presentation: AI services data center south of Kiowa; tax abatement sought inside a TID; phase one operations about 3 years out; PSO agreements and on-site ba“Iren presents AI datacenter plan to Pittsburg County review committee, seeks tax abatement help”News report · Dec. 2025 · grade C
- PCDC Tax Incentive District (TID) Iren Review Committee: Three at-large members appointed (Mike Kellogg, Brent Stone, Rex Hatridge), completing the statutorily required committee composition; chair Mike Haynes“Pittsburg County TID review committee appoints three at-large members”News report · Dec. 2025 · grade C
- Pittsburg County (TID Review Committee formation): Committee formed; county agenda of Nov 7, 2025 listed appointments to the Iren Data Center TID-TIF Committee“The November agenda was the county's first public word on the project”News report · Nov. 2025 · grade C
- McAlester City Council votes to negotiate on the raw-water request“McAlester's council voted on 12 August 2025 to negotiate”News report · Aug. 2025 · grade C
- McAlester City Council: Negotiation of raw-water supply (6M gallons/day) requested by Black Mountain Energy Storage II LLC for a proposed data center south of Kiowa“asking for six million gallons of raw water a day for a proposed data center south of Kiowa”News report · Aug. 2025 · grade C
Legal (2)
- County code: 40121 (Pittsburg County, OK)“Pittsburg County Courthouse, 115 East Carl Albert Parkway, McAlester, Oklahoma”Local government · April 2026 · grade B
- Lawsuits: None found, no suit over Kiowa in the records read; the Sep 30, 2026 cease-and-desist demands statutory compliance on the amendment process (62 O.S. Section 858)“An impacted neighbouring landowner handed the committee a Formal Cease-and-Desist Notice and Demand for Statutory Compliance at the 30 September meeting”News report · Oct. 2026 · grade C
Site and other (26)
- Development stage: Kiowa is a development-stage project: IREN's FY26 results release groups it under 'Development progressing at Sweetwater (Texas), Kiowa (Oklahoma), Bundey (Australia) and Badajoz (Spain)', distinct fro“Development progressing at Sweetwater (Texas), Kiowa (Oklahoma), Bundey (Australia) and Badajoz (Spain)”SEC filing · Aug. 2026 · grade A
- Code names: Project Emerald (Emerald ProjectCo)“Discussion with Rural Water District #11, Pittsburg County, about water supply for Project EmeraldCo”Local government · April 2026 · grade A
- County code: 40121“buildings: Pittsburg County County OK (40121)”Dataset · Oct. 2026 · grade B
- Developer: IREN Limited (NASDAQ: IREN)“Global development progress at multiple sites including Childress, Mackenzie, Canal Flats, Prince George, Sweetwater (TX), Kiowa (OK), Bundey (Australia) and Badajoz (Spain)”Company · Aug. 2026 · grade B
- Construction stage: none, development only; no construction evidence; land acquisition still ongoing through Aug 2026“Global development progress at multiple sites including Childress, Mackenzie, Canal Flats, Prince George, Sweetwater (TX), Kiowa (OK)”Company · Aug. 2026 · grade B
- Name: IREN Kiowa Campus“New 1.6GW Data Center Campus in Oklahoma”Company · Feb. 2026 · grade B
- Aliases: IREN Oklahoma campus“New 1.6GW Data Center Campus in Oklahoma”Company · Feb. 2026 · grade B
- Acres: 2000 acres“Large scale site (2,000 acres) with low latency network connectivity”Company · Feb. 2026 · grade B
- An IREN 'Senior Project Manager' role in the Construction department, located onsite in Kiowa, OK, appears in aggregator copies of IREN postings - the campus has a staffed construction-management role despite its develop“Senior Project Manager; Iris Energy; Kiowa, OK; Department: Construction; Work Location Type: onsite”News report · Oct. 2026 · grade C
- Sponsor: IREN Limited (formerly Iris Energy)“The company has data center sites live and in development across Texas (Childress, Sweetwater), Oklahoma (Kiowa), and British Columbia in Canada”News report · Oct. 2026 · grade C
- Development stage: development (no construction; capacity ramp from 2028 per company updates)“The company has data center sites live and in development across Texas (Childress, Sweetwater), Oklahoma (Kiowa), and British Columbia in Canada”News report · Oct. 2026 · grade C
- Neighbouring landowner hand-delivers a cease-and-desist to the reconvened TID committee over the proposed minor amendment; the committee's outcome is not in any public production at capture“An impacted neighbouring landowner handed the committee a Formal Cease-and-Desist Notice and Demand for Statutory Compliance at the 30 September meeting”News report · Sept. 2026 · grade C
- Parcel IDs: PLSS T3N R13E Indian Meridian: Secs 25, 26, 27, 33, 34, 35 (Incentive Districts, Plan Exhibit B); further instrument ground in Secs 15, 21, 22, 28, 29, 32; Atoka County S04 T2N R13E; S04 T5N R13E“The six numbered squares are Public Land Survey System sections from the federal cadastral survey, Township 3 North, Range 13 East, Indian Meridian”News report · Sept. 2026 · grade C
- IREN's community engagement manager contacts the referendum-petition site offering a meeting with the development team; the author accepts only on on-the-record, no-NDA, publish-in-full terms“IREN's community engagement manager contacted the site on 10 September 2026”News report · Sept. 2026 · grade C
- Owner companies: Emerald ProjectCo Inc. (Delaware corporation; OK foreign qualification Dec 16, 2025)“The Pittsburg County Project Plan names Emerald ProjectCo Inc. as the company behind the Kiowa data center”News report · Sept. 2026 · grade C
- Cooling: Closed-loop liquid cooling (company design intent; direct-to-chip with chillers and dry coolers as built at Childress); no evaporative cooling disclosed“less than one percent of on-site tank capacity a year, roughly equivalent to the annual water consumption of just five average households”News report · June 2026 · grade C
- Phase 1 district acres: 760 acres“They compute to 40, 160, 160, 320 and 80 acres: 760 acres in all”News report · April 2026 · grade C
- Address: Approximately 2 miles south of Kiowa, along US Highway 69, Pittsburg County, OK“approximately two (2) miles south of the town of Kiowa along Highway 69”News report · April 2026 · grade C
- Workforce estimate: 40 ongoing jobs per Phase anticipated by the Project Plan (Section 12.5), anticipated only, no obligation“The Project is anticipated to create 40 ongoing jobs per Phase, along with thousands of construction jobs”News report · April 2026 · grade C
- Workforce estimate: 100-150 full-time employees after build-out, per Commissioner Charlie Rogers (Apr 15, 2026) jobs“There will be 100-150 full-time employees after it is built”News report · April 2026 · grade C
- Commissioner Charlie Rogers posts publicly: project could start 2027 and be completed by 2029, with 100-150 full-time employees; a move 8 miles south to Atoka County is floated“The project could start in 2027 and should be completed by 2029”News report · April 2026 · grade C
- Site acres: 2000 acres“Large scale site (2,000 acres) with low latency network connectivity”Company · Feb. 2026 · grade C
- The county's first public word: agenda item to appoint members to the Iren Data Center TID-TIF Committee“The November agenda was the county's first public word on the project”News report · Nov. 2025 · grade C
- Water use stated: Company position (2026): closed loop, <1% of on-site tank capacity per year (~five households), no lake pipeline, trucking fallback. Earlier company-side position (Jul 30, 2025): Black Mountain requeste“asking for six million gallons of raw water a day for a proposed data center south of Kiowa”News report · July 2025 · grade C
- Black Mountain writes to the City of McAlester requesting 6 million gallons/day of raw water for a proposed data center south of Kiowa; the letter names no operator“asking for six million gallons of raw water a day for a proposed data center south of Kiowa”News report · July 2025 · grade C
- Emerald ProjectCo Inc. incorporated in Delaware (file 10276559)“incorporated 29 July 2025”News report · July 2025 · grade C
Imagery and records: Satellite imagery: Maxar via Esri World Imagery Wayback.