By Simply Wall St
Publication Date: 2026-02-14 06:12:00
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IREN (NasdaqGS:IREN) is set to be added to the MSCI USA Index, a move that can increase its visibility with large institutional investors.
The company has shifted its core focus from bitcoin mining to AI infrastructure, supported by new data center projects.
IREN recently signed a $9.7b contract with Microsoft, anchoring its push into long term AI infrastructure services.
IREN comes into this news with a share price of $42.22 and very large 1 year gains, alongside a 7x return over 3 years. Short term performance has been mixed, with the stock up 0.9% over the past week and showing a 1.1% decline year to date, while the 30 day return stands at an 18.6% decline.
The upcoming MSCI USA Index inclusion and the Microsoft agreement indicate a company that is repositioning itself around AI infrastructure rather than its legacy bitcoin mining business. For investors,…
