Why These 15 Data Center Stocks Are Skyrocketing So Far In 2025

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5. IREN Ltd (NASDAQ:IREN)

Number of Hedge Fund Holders In Q4 2024: 44

IREN Ltd (NASDAQ:IREN) is an Australian company that has Bitcoin mining data centers but also has AI cloud computing hyperscale data centers.

The stock is up significantly so far in 2025 as its Q2 FY2025 earnings beat expectations, with sales growing 180.89% to $119.6 million. It also posted a net profit of $18.9 million and recovered from a $51.7 million loss.

Also, the company is developing a 600MW Sweetwater 2 site to create a 2GW data center hub.

The consensus price target of $20.7 implies 53.44% upside.

IREN stock is up 34.96% year-to-date.

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