Top 10 AI News Updates Investors Should Not Miss

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7. IREN Limited (NASDAQ:IREN)

Number of Hedge Fund Holders: 28

IREN Limited (NASDAQ:IREN) is a financial services company that owns and operates Bitcoin and mining data centers. It also provides high-performance computing solutions, including AI cloud service. On February 12th, the company delivered record revenue and operating cash flow for the fiscal second quarter of 2025, attributed to strategic investments made in scale and efficiency in mining operations. Bitcoin mining revenue was up 129% to $113.5 million as net profit totaled $18.9 million, an improvement from a net loss in the same quarter last year.

The robust growth is being driven by strong demand for the company’s Horizon 1, 75MW direct-to-chip liquid deployment system for high-performance computing. IREN Limited (NASDAQ:IREN) is also taking advantage of the AI boom with a new 600MW Sweetwater 2 site, which is expected to create a 2GW data center hub. Last year, IREN purchased 1,080 latest-generation NVIDIA H200 GPUs to support its growing AI Cloud Services business, an investment that seems to be paying off, going by impressive financial results.

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