IREN Limited (NASDAQ:IREN) is named one of the 12 most promising blockchain and crypto mining stocks by hedge funds. BTIG raises IREN’s price target from $32 to $75, citing its strong position in AI and colocation market. The company secures multi-year cloud service contracts with AI firms for NVIDIA Blackwell GPU deployments, expecting $225 million in AI Cloud revenue by 2025. IREN, a Bitcoin mining and AI data center company, provides high-performance computing infrastructure and GPU-based cloud services. While IREN shows investment potential, some AI stocks may offer greater upside with less risk.

Read more at Yahoo Finance: BTIG Remains Bullish on IREN Limited (IREN), Cites Its Strong Position in AI and Colocation Market