One of the most common questions we get about AI data centers is how much water do they use? Fair question. Older designs cooled servers by evaporating water and people naturally assume ours do too. They don't. $IREN's sites are different. Direct-to-chip liquid cooling in a closed loop. Same idea as a car radiator or a fridge. Fill it once and the water just goes round and round. Over the life of a 200MW site, the initial fill plus every top-up averages out to about as much water each year as 3 households. Not a town. Not a suburb. Not a street... 3 houses. Water matters in the regions we build in. Which is precisely why our cooling barely uses any.