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Two Sydney crypto bros find themselves stuck in small-town America

The Australian Financial Review (AFR) •
October 25, 2026 • 06:00 PM
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Iren Energy has big plans to turn itself into an artificial intelligence processing giant. First, it will have to get the people of Kiowa, Oklahoma, on board.

Two Sydney crypto bros find themselves stuck in small-town America

Pittsburgh County could not believe its luck. It was December 2024, and an Australian data centre hopeful had rolled into town with promises of building a $US50 billion ($71 billion) data centre – with conditions.

Founded by Sydney brothers Daniel and William Roberts, Iren would build a giant plant – as powerful as all the data centres in Australia combined – outside Kiowa, a rural Oklahoma town of about 600 people. In return, it wanted the county to waive 85 per cent of property taxes for 25 years.

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