Satellite imagery reveals $IREN's construction progress is picking up pace. Looking at the recent photos, you can spot concrete foundation work happening at two distinct locations—most likely corresponding to Horizon 3 and Horizon 4 development phases.

Here's what's interesting: according to on-the-ground analysis, the Horizon 4 construction timeline appears to be running several months faster than originally scheduled. That's a pretty solid sign for project momentum.

If this acceleration continues, 2026 could be a turning point for the project. Infrastructure buildouts like this typically signal serious commitment and real-world progress, not just hype. Worth keeping an eye on how the next quarters unfold.