IREN Ltd's stock surged 6.60% during the post-market session on Thursday, following a significant corporate development.
The price movement comes after the company announced it will be added to the MSCI USA Index, effective after the close of trading on February 27, 2026. This inclusion is expected to enhance IREN's visibility among institutional investors and index-tracking funds, which typically leads to increased buying pressure.
Daniel Roberts, Co-Founder and Co-CEO of IREN, commented that the inclusion reflects the scale and liquidity the company has built in its business. The MSCI USA Index measures the performance of large and mid cap segments of the U.S. equity market, representing approximately 85% of the free float-adjusted market capitalization in the US.