Another crypto firm joins Russell 1000

IREN Limited (NASDAQ: IREN), the Bitcoin (BTC) miner that is progressively pivoting itself into an AI unreality provider, has been added to the Russell 1000 Index.

The Russell 1000 is simply a banal marketplace scale tracking astir the 1,000 largest U.S. companies by marketplace capitalization. It represents astir 93% of the full U.S. equity market. 

Managed by FTSE Russell, it serves arsenic a benchmark for large-cap banal show and is rebuilt annually successful June. 

As per a property merchandise connected June 29, the summation of IREN became effectual aft the marketplace closed connected June 26, pursuing FTSE Russell's yearly reconstitution. 

Related: FTSE Russell's Kristen Mierzwa says tokenized scale could beryllium a world successful 3-5 years

A Bitcoin miner graduates to the large leagues

Founded successful 2019 arsenic Iris Energy, IREN built its concern solving cryptographic puzzles to gain Bitcoin rewards. But rising vigor costs and thinning mining margins steered it toward artificial intelligence.

IREN's ascent rests connected 2 marquee partnerships. In November 2025, it signed a five-year, astir $9.7 cardinal GPU unreality declaration with Microsoft (NASDAQ: MSFT), deploying Nvidia GB300 chips astatine its 750-megawatt Childress, Texas, field and unlocking an estimated $1.94 cardinal successful annualized run-rate revenue. 

Separately, Nvidia (NASDAQ: NVDA) secured a five-year close to bargain up to 30 cardinal IREN shares, a imaginable $2.1 cardinal stake, arsenic the 2 collaborate connected arsenic overmuch arsenic 5 gigawatts of AI infrastructure. 

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Iren joins Bitmine, Coinbase

IREN was not the lone crypto-native sanction to wide the threshold. BitMine Immersion Technologies (NYSE: BMNR), the largest nationalist Ethereum (ETH) treasury company, joined the Russell 1000 connected the aforesaid date. 

BitMine, chaired by Tom Lee, holds astir 5.67 cardinal ETH, astir 4.7% of the full supply, against zero debt, and analysts person estimated its inclusion could trigger up to $2.15 cardinal successful passive inflows. 

Beyond Bitmine and IREN, the different crypto-adjacent firms successful the Russell 1000 see Michael Saylor's Strategy (NASDAQ: MSTR), Coinbase (NASDAQ: COIN), and Robinhood (NASDAQ: HOOD).

As of property time, IREN banal was down 4.91% intraday, trading astatine $44.89.

Related: Strategy prepares to merchantability up to $1.25 cardinal of Bitcoin

This communicative was primitively published by TheStreet connected Jun 29, 2026, wherever it archetypal appeared successful the MARKETS section. Add TheStreet arsenic a Preferred Source by clicking here.