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

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 Trading Down 10.2%

Shares of IREN 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 52-week low of $5.13 and a 52-week 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 business’s fifty day moving average is $46.62 and its 200 day moving average is $41.41. The company has a debt-to-equity ratio of 0.34, a current ratio of 5.52 and a quick ratio of 5.52.

IREN (NASDAQ:IREN) last issued its earnings results on Thursday, November 6th. The company reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.48). IREN had a negative return on equity of 3.60% and a net margin of 86.96%.The firm had revenue of $240.30 million for the quarter, compared to analysts’ expectations of $244.60 million. The firm’s revenue was up 28.3% compared to the same quarter last year. On average, sell-side analysts predict that IREN Limited will post 0.43 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on IREN shares. JPMorgan Chase & Co. upped their price objective on IREN from $28.00 to $39.00 and gave the company an “underweight” rating in a report on Monday, November 24th. Citizens Jmp began coverage on IREN in a research report on Wednesday, November 19th. They issued a “market outperform” rating and a $80.00 target price on the stock. JMP Securities set a $80.00 price target on IREN in a research note on Wednesday, November 19th. Wall Street Zen upgraded IREN from a “sell” rating to a “hold” rating in a report on Saturday, January 17th. Finally, Roth Mkm set a $94.00 price objective on shares of IREN and gave the company a “buy” rating in a report on Monday, November 3rd. Thirteen investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $69.36.

Institutional Investors Weigh In On IREN

Institutional investors have recently modified their holdings of the company. Global Retirement Partners LLC acquired a new position in IREN during the 3rd quarter worth about $25,000. Miller Wealth Advisors LLC grew its position in IREN by 240.0% in the 4th quarter. Miller Wealth Advisors LLC now owns 680 shares of the company’s stock valued at $26,000 after acquiring an additional 480 shares in the last quarter. North Star Investment Management Corp. purchased a new stake in IREN during the fourth quarter worth about $26,000. Aventura Private Wealth LLC acquired a new stake in shares of IREN during the fourth quarter worth about $28,000. Finally, Albion Financial Group UT acquired a new stake in shares of IREN during the fourth quarter worth about $38,000. 41.08% of the stock is owned by institutional investors and hedge funds.

More IREN News

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).

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.

About IREN

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.