IREN, a U.S. Nasdaq-listed company, has been newly added to the Russell 1000, a flagship U.S. large-cap stock index. The company assessed this index inclusion as a key milestone demonstrating its U.S. business expansion and the growth trajectory of its AI cloud infrastructure.

According to the annual index reconstitution results by FTSE Russell on the 29th of last month (local time), IREN was included as a constituent of the Russell 1000 index after the market close on the 26th.

The Russell 1000 is a representative stock index that includes approximately 1,000 large-cap U.S. listed companies by market capitalization. Since institutional investors and global asset managers use it as a key benchmark to measure large-cap stock performance, inclusion in the index is regarded as an opportunity to enhance a company's market standing and investment accessibility. The Russell 1000 is managed by FTSE Russell, which selects constituent companies from the Russell 3000 index based on criteria including market capitalization.

This inclusion is also significant in that it comes at a time when IREN has been continuously expanding its business foundation and customer base in the U.S. market.

Currently, IREN is a vertically integrated AI cloud company that provides high-performance computing services necessary for AI training and inference based on large-scale data centers. The company explained that it is building an AI data center platform by securing grid-connected sites and power infrastructure in regions rich in renewable energy resources across North America, Europe, and the Asia-Pacific.

As demand for AI infrastructure rapidly increases recently, IREN is accelerating its data center expansion and the scaling of GPU-based AI cloud services. With this inclusion in the Russell 1000, interest from global institutional investors is expected to grow further.

[This article was written with the assistance of AI. This article is not intended to solicit investment, and the final decision and responsibility for investing lie with the investor.]