IREN Limited (NASDAQ: IREN), the Bitcoin (BTC) miner that is increasingly pivoting itself into an AI cloud provider, has been added to the Russell 1000 Index.
The Russell 1000 is a stock market index tracking roughly the 1,000 largest U.S. companies by market capitalization. It represents about 93% of the total U.S. equity market.
Managed by FTSE Russell, it serves as a benchmark for large-cap stock performance and is rebuilt annually in June.
As per a press release on June 29, the addition of IREN became effective after the market closed on June 26, following FTSE Russell’s annual reconstitution.
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