These 10 Companies Led Gains on Wednesday

6. IREN Ltd. (NASDAQ:IREN)

IREN Ltd. (IREN) jumped by 7.86 percent on Wednesday to end at $11.66 each as investors resorted to bargain-hunting following Tuesday’s drop.

Investors appear to have snapped up shares in the company following a recent announcement that it plans to raise as much as $1 billion from a follow-on offering to expand its Bitcoin mining operations.

IREN Ltd. (IREN) said that it plans 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.

The company is underway with the implementation of direct-to-chip liquid cooling systems in existing data centers to accommodate liquid-cooled NVIDIA Blackwell GPUs and meet the growing demand for liquid-cooled data center capacity. IREN is also advancing its 1,400MW Sweetwater project, scheduled for energization in April 2026, with ongoing substation procurement and construction activities.