9 Trending AI News Updates on Wall Street’s Radar

3. IREN Limited (NASDAQ:IREN)

Number of Hedge Fund Holders: 28

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

On February 6, IREN Limited reported strong progress in January 2025, with its Bitcoin mining business continuing to generate substantial hardware profits. The company is on track to reach 50 EH/s within five months and is also installing direct-to-chip liquid cooling for AI and HPC. The construction at its 1.4GW Sweetwater Project is also advancing, and its multi-GW development pipeline is progressing as well. Moreover, IREN launched a new at-the-market facility to support investments and explore funding options. The company has also observed increased demand for its cloud and colocation services, especially after the release of DeepSeek.