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.
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The company has shifted its core focus from bitcoin mining to AI infrastructure, supported by new data center projects.
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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,…
