12 AI News and Ratings Investors Probably Missed

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4. IREN Limited (NASDAQ:IREN)

Number of Hedge Fund Holders: 44

IREN Limited (NASDAQ:IREN) operates bitcoin mining data centers and offers high-performance computing, including AI cloud services.

On March 6, IREN released its February 2025 update and reported strong growth in its AI operations. Its AI Cloud Service was near full utilization by month-end, driven by demand for NVIDIA H100/H200 chips, with future expansion planned using Blackwell processors. The Horizon 1 AI data center is advancing, with customer interest exceeding its 75MW capacity, and discussions progressing through due diligence and pricing negotiations.

Infrastructure development continues with site work starting on the 1.4GW Sweetwater 1 project, set for April 2026 energization, while the 600MW Sweetwater 2 connection agreement is being finalized. IREN is also exploring alternative financing options for AI colocation projects.

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