Why Are IREN Shares Surging On Wednesday?

Benzinga_recent_news03-12

IREN Limited (NASDAQ:IREN) shares are up Wednesday. The S&P 500 gained just 0.04% and the Nasdaq-100 rose 0.34% at the same time. Short interest on IREN rose from 41.95 million to 44.47 million shares...

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The S&P 500 gained just 0.04% and the Nasdaq-100 rose 0.34% at the same time.\nShort interest on IREN rose from 41.95 million to 44.47 million shares...</p>\n\n<a href=\"https://www.benzinga.com/trading-ideas/movers/26/03/51192124/why-are-iren-shares-surging-on-wednesday\">Source Link</a>\n\n</div>\n","source":"benzinga_recent_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Are IREN Shares Surging On Wednesday?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Are IREN Shares Surging On Wednesday?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-03-12 00:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/trading-ideas/movers/26/03/51192124/why-are-iren-shares-surging-on-wednesday><strong>Benzinga_recent_news</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>IREN Limited (NASDAQ:IREN) shares are up Wednesday. The S&P 500 gained just 0.04% and the Nasdaq-100 rose 0.34% at the same time.\nShort interest on IREN rose from 41.95 million to 44.47 million shares...</p>\n\n<a href=\"https://www.benzinga.com/trading-ideas/movers/26/03/51192124/why-are-iren-shares-surging-on-wednesday\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IREX","symbol_name":"2倍做多IREN ETF-Tradr","start_time":0,"source_url":"https://www.benzinga.com/trading-ideas/movers/26/03/51192124/why-are-iren-shares-surging-on-wednesday","article_id":"2618921152","we_media_id":null,"thumbnails":["https://cdn.benzinga.com/files/images/story/2026/03/11/IREN-Limited.jpeg?optimize=medium&dpr=2&auto=webp&width=240"],"rights":{"source":"benzinga_recent_news","url":"https://www.benzinga.com/trading-ideas/movers/26/03/51192124/why-are-iren-shares-surging-on-wednesday","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2618921152","pubTimestamp":1773245280,"columns":[],"sourceInfo":{"source_id":"benzinga_recent_news","name":"Benzinga"},"weMediaInfo":null,"summary":"IREN shares jumped over 9% on Wednesday, bouncing back after a turbulent week marked by a massive equity offering, a high-profile short-seller attack, and a blockbuster GPU deal with Nvidia Corp.","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"IREX":"2倍做多IREN ETF-Tradr","BK4595":"比特币概念","IREN":"IREN Ltd","IREZ":"Tradr 2X Short IREN Daily ETF","BK4023":"应用软件","BK4516":"特朗普概念","IREG":"2倍做多IREN ETF-Leverage Shares","BK4600":"加密货币概念","BK4217":"自存仓储房地产信托","IRE":"2倍做多IREN ETF-Defiance"},"translate_title":"为什么IREN股价周三飙升？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"IREN":1.99,"IREG":0.6,"IREX":0.6,"IRE":0.6,"IREZ":0.6},"content_text":"IREN Limited (NASDAQ:IREN) shares are up Wednesday. The S&P 500 gained just 0.04% and the Nasdaq-100 rose 0.34% at the same time.\nShort interest on IREN rose from 41.95 million to 44.47 million shares — 14.03% of the public float. At 30.35 million average daily volume, short sellers need 1.46 days to cover, raising squeeze risk.\nOn March 5, IREN expanded its at-the-market equity program to $6 billion. Short-seller Jim Chanos questioned the move on X, flagging the company’s silence on its $500 million near-term digital revenue ARR target. “These deals are uneconomic,” Chanos wrote.\nCurrently, IREN is trading at $40.34, which places it 0.7% above its 20-day simple moving average (SMA) but 14.4% below its 100-day SMA. \nOver the past 12 months, the stock has surged an impressive 491.28%, despite recent fluctuations.\nThe Relative Strength Index stands at 42.86, suggesting neutral momentum.\nLooking further out, the next major catalyst for the stock arrives with the May 13 earnings report. \nHere’s what to expect:\nThe stock carries a Buy Rating with an average price target of $52.67. Recent analyst moves include:\nIREN Price Action: Iren shares were up 8.55% at $41.38 at the time of publication on Wednesday, according to Benzinga Pro data.\nPhoto by T. Schneider via Shutterstock\nThis content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.\nTo add Benzinga News as your preferred source on Google, click here.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2618921152","isCrawlerRequest":true}