I have been having this issue with some downlights (Commercial Electric T62). I have a bunch of those and they have been working fine with Hubitat and then one day I noticed a few of them had disconnected from the network and I couldn't control them anymore. I hard resetted them and Hubitat finds them but they stay 'Initializing' and they never show up in the devices.
I just looked at the log and it's doing weird things:
sys:12019-11-03 04:34:53.773 pm info Iris Discovery Running
sys:12019-11-03 04:34:53.002 pm info Iris Discovery Stopped
sys:12019-11-03 04:33:52.993 pm info Iris Discovery Running
sys:12019-11-03 04:33:52.746 pm info Iris Discovery Stopped
sys:12019-11-03 04:33:27.667 pm info Created Unknown Zigbee Device
sys:12019-11-03 04:33:24.731 pm info Created Unknown Zigbee Device
sys:12019-11-03 04:33:24.542 pm info Created Unknown Zigbee Device
sys:12019-11-03 04:33:17.221 pm info Created Unknown Zigbee Device
sys:12019-11-03 04:32:52.886 pm info Created Unknown Zigbee Device
sys:12019-11-03 04:32:52.871 pm info Created Unknown Zigbee Device
sys:12019-11-03 04:32:52.742 pm info Iris Discovery Running
sys:12019-11-03 04:32:52.217 pm info Iris Discovery Stopped
sys:12019-11-03 04:32:45.314 pm info Created Unknown Zigbee Device
sys:12019-11-03 04:32:45.223 pm info Created Unknown Zigbee Device
sys:12019-11-03 04:32:00.463 pm info Initializing Zigbee Device 000D6F000AAA4B77, 5E9C
sys:12019-11-03 04:32:00.450 pm info Initializing Zigbee Device 000D6F000AAA4EE8, 5796
sys:12019-11-03 04:31:52.907 pm info Initializing Zigbee Device 000D6F000AA40C2D, 274C
sys:12019-11-03 04:31:52.799 pm info Initializing Zigbee Device 000D6F000AAA4C72, EFFC
sys:12019-11-03 04:31:52.317 pm info Created Unknown Zigbee Device
sys:12019-11-03 04:31:52.203 pm info Created Unknown Zigbee Device
sys:12019-11-03 04:31:52.199 pm info Iris Discovery Running
sys:12019-11-03 04:31:51.902 pm info Iris Discovery Stopped
sys:12019-11-03 04:31:49.238 pm info Created Unknown Zigbee Device
sys:12019-11-03 04:31:49.219 pm info Created Unknown Zigbee Device
sys:12019-11-03 04:30:59.868 pm info Initializing Zigbee Device 000D6F000AA40C2D, 6B0C
sys:12019-11-03 04:30:59.765 pm info Initializing Zigbee Device 000D6F000AAA4C72, A5C5
sys:12019-11-03 04:30:56.806 pm info Initializing Zigbee Device 000D6F000AAA4EE8, 4A17
sys:12019-11-03 04:30:56.793 pm info Initializing Zigbee Device 000D6F000AAA4B77, 8425
sys:12019-11-03 04:30:51.889 pm info Iris Discovery Running
sys:12019-11-03 04:30:49.881 pm info Iris Discovery Stopped
sys:12019-11-03 04:29:56.349 pm info Initializing Zigbee Device 000D6F000AAA4EE8, F447
sys:12019-11-03 04:29:56.309 pm info Initializing Zigbee Device 000D6F000AAA4B77, FBCA
sys:12019-11-03 04:29:56.273 pm info Initializing Zigbee Device 000D6F000AA40C2D, C487
sys:12019-11-03 04:29:56.230 pm info Initializing Zigbee Device 000D6F000AAA4C72, 1863
sys:12019-11-03 04:29:49.890 pm info Iris Discovery Running
Note that I only started the discovery once during that log but it looks like it keeps restarting itself. And it looks like it created the devices at some point though they never show up in devices.