Rep. Dale W. Strong Buys IREN Limited (NASDAQ:IREN) Shares

Representative Dale W. Strong (R-Alabama) recently bought shares of IREN Limited (NASDAQ:IREN). In a filing disclosed on January 28th, the Representative disclosed that they had bought between $1,001 and $15,000 in IREN stock on January 28th.

IREN Stock Performance

Shares of IREN stock traded down $6.10 during mid-day trading on Friday, reaching $53.74. The stock had a trading volume of 47,907,556 shares, compared to its average volume of 41,441,564. IREN Limited has a 1-year low of $5.13 and a 1-year high of $76.87. The firm has a market cap of $15.23 billion, a price-to-earnings ratio of 27.70 and a beta of 4.25. The company has a current ratio of 5.52, a quick ratio of 5.52 and a debt-to-equity ratio of 0.34. The business’s fifty day moving average is $46.62 and its 200-day moving average is $41.41.

IREN (NASDAQ:IREN) last announced its quarterly earnings results on Thursday, November 6th. The company reported ($0.34) earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.48). The company had revenue of $240.30 million for the quarter, compared to analyst estimates of $244.60 million. IREN had a negative return on equity of 3.60% and a net margin of 86.96%.The firm’s quarterly revenue was up 28.3% on a year-over-year basis. On average, research analysts forecast that IREN Limited will post 0.43 earnings per share for the current year.

IREN News Roundup

Here are the key news stories impacting IREN this week:

• Positive Sentiment: Anthropic funding and larger AI demand are driving IREN’s strategic shift from bitcoin mining to building AI-optimized data centers, increasing expected long‑term revenue from cloud/AI customers and validating its pivot. Anthropic Funding Fuels IREN Shift From Bitcoin Mining To AI Centers
• Positive Sentiment: Major enterprise deals (notably a recently reported ~$9.7B Microsoft-related agreement cited in coverage) and comparisons vs. peers highlight large backlog potential and long-term growth from hyperscaler customers. This supports upside revenue visibility if deployments scale. Iren vs. Applied Digital: Which Is the Better Long-Term Play?
• Positive Sentiment: A disclosed congressional purchase of IREN shares (Rep. Dale Strong) has drawn investor attention and can be read as a signal of insider/connected interest, which sometimes attracts retail and momentum flows. Rep. Dale Strong Makes First-Ever Stock Trade With Purchase of IREN Shares
• Neutral Sentiment: Analyst and media coverage note strong AI cloud‑led revenue trajectory and GPU expansion prospects for IREN, but also emphasize that growth is balanced by heavy capex and execution risk—an ambiguous near‑term read for the stock. IREN Limited Gears Up for Q2 Earnings: What Lies Ahead for the Stock?
• Neutral Sentiment: Earlier volatility included a sharp move higher on renewed AI bets, reflecting momentum trading; such moves can reverse quickly as investors reassess fundamentals vs. hype. IREN Ltd. (IREN) soars 14.6% on further AI bets
• Negative Sentiment: Analysts expect a decline in near‑term earnings and flag that IREN lacks the setup for an earnings beat in the upcoming report—this raises downside risk for the stock if results or guidance disappoint. Analysts Estimate IREN Limited (IREN) to Report a Decline in Earnings: What to Look Out for
• Negative Sentiment: Prior reported results showed a large EPS miss and margin/ROE weakness, underscoring execution and profitability concerns that amplify sensitivity to any weak quarterly print or heavy near‑term capex news. Source: company prior quarter release (Nov).

Institutional Trading of IREN

A number of hedge funds and other institutional investors have recently modified their holdings of IREN. Global Retirement Partners LLC purchased a new stake in IREN during the 3rd quarter worth about $25,000. Miller Wealth Advisors LLC lifted its stake in IREN by 240.0% during the fourth quarter. Miller Wealth Advisors LLC now owns 680 shares of the company’s stock worth $26,000 after purchasing an additional 480 shares during the last quarter. North Star Investment Management Corp. acquired a new position in IREN in the fourth quarter valued at approximately $26,000. Aventura Private Wealth LLC purchased a new position in IREN in the fourth quarter valued at approximately $28,000. Finally, Albion Financial Group UT acquired a new stake in IREN during the fourth quarter worth approximately $38,000. 41.08% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

IREN has been the subject of a number of analyst reports. JPMorgan Chase & Co. boosted their price target on IREN from $28.00 to $39.00 and gave the company an “underweight” rating in a report on Monday, November 24th. Citizens Jmp initiated coverage on shares of IREN in a research note on Wednesday, November 19th. They issued a “market outperform” rating and a $80.00 target price for the company. HC Wainwright raised shares of IREN from a “sell” rating to a “buy” rating and set a $80.00 price target on the stock in a report on Tuesday, January 13th. Compass Point reaffirmed a “buy” rating and issued a $105.00 price objective on shares of IREN in a report on Friday, November 7th. Finally, Canaccord Genuity Group increased their target price on shares of IREN from $42.00 to $70.00 and gave the stock a “buy” rating in a research note on Monday, November 10th. Thirteen research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $69.36.

About Representative Strong

Dale Strong (Republican Party) is a member of the U.S. House, representing Alabama’s 5th Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2027.

Strong (Republican Party) ran for re-election to the U.S. House to represent Alabama’s 5th Congressional District. He won in the general election on November 5, 2024.

Dale Strong was born in Monrovia, Alabama. Strong graduated from Sparkman High School. He earned a B.S. in business administration from Athens State University. Strong’s career experience includes working as a firefighter, an EMT, and a 911 dispatcher. He served as the chairman of the Madison County Commission.

IREN Company Profile

IREN Limited, formerly known as Iris Energy Limited, owns and operates bitcoin mining data centers. The company was incorporated in 2018 and is headquartered in Sydney, Australia.