Stargate Stalls at 1.2 GW While Iren Quietly Builds 2.75

Oracle and OpenAI's 2 GW Abilene expansion is dead, killed by financing fractures that cut OpenAI's projected compute spend from $1.4 trillion to $600 billion. While Stargate's stalled at 1.2 GW, Iren's already got 2.75 GW under development across Childress and Sweetwater, and it's just getting started.