5 Stocks With Unbelievable Gains

3. IREN Ltd. (NASDAQ:IREN)

IREN Ltd. saw its share prices grow by 13.48 percent on Wednesday to close at $67.84 apiece, as investor sentiment was boosted by the successful acquisition of Nvidia Blackwell systems—a move expected to bolster its annualized run-rate revenues (ARR) to $4.4 billion.

In a statement, IREN Ltd. (NASDAQ:IREN) said that it entered into an agreement with Dell Technologies for the acquisition of the air-cooled systems for $1.6 billion, to service its previously announced five-year, $3.4-billion managed services AI cloud contract.

The company said that the Blackwell systems will be deployed across its existing data centers in Childress, Texas, with official commissioning targeted for early 2027.

The transaction, it said, forms part of its ongoing investment to accelerate time-to-compute.

“Securing capacity and accelerating commissioning are our top priorities in a market where time-to-compute is everything. Hyperscalers, enterprises, and developers choose IREN as a partner because we own and control the full stack—the physical infrastructure, the compute, and the operational capability to deploy at scale,” said IREN Ltd. (NASDAQ:IREN) co-founder and co-CEO Daniel Roberts.

“Our relationship with Dell ensures access to hardware at the scale and speed the market demands. Every deployment we complete makes the next one faster, and that compounding execution advantage is what we are building,” he noted.