10 Firms Defy Market Pessimism

8. IREN Ltd. (NASDAQ:IREN)

IREN Ltd. ended Friday’s trading in the green territory, growing by 8.47 percent to finish at $13.32 apiece in line with the rally in Bitcoin prices.

Despite the lack of mention of the cryptocurrency industry during President Donald Trump’s inauguration, investors remained hopeful that the company, along with its Bitcoin mining counterparts, will benefit from a long-term boost should the government already decide to pull the trigger.

Prior to his inauguration, Trump had already signaled that he would release an executive order that would make cryptocurrency a national priority, an asset that even his family is directly invested in.

In other news, IREN plans to raise as much as $1 billion from a follow-on offer to fund its Bitcoin mining expansion program. The fundraising program was in line with its plan to increase its capacity to 57 EH/s by the second half of the year, with 50 EH/s targeted in the first half of the year.