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 Trading Down 10.2%

IREN stock traded down $6.10 during trading on Friday, reaching $53.74. The company had a trading volume of 47,907,556 shares, compared to its average volume of 41,441,564. The firm has a market capitalization of $15.23 billion, a price-to-earnings ratio of 27.70 and a beta of 4.25. The stock’s 50 day moving average price is $46.62 and its two-hundred day moving average price is $41.41. IREN Limited has a 12-month low of $5.13 and a 12-month high of $76.87. The company has a debt-to-equity ratio of 0.34, a quick ratio of 5.52 and a current ratio of 5.52.

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 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 business had revenue of $240.30 million for the quarter, compared to analysts’ expectations of $244.60 million. The firm’s revenue for the quarter was up 28.3% on a year-over-year basis. As a group, equities analysts expect that IREN Limited will post 0.43 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently weighed in on IREN. Citizens Jmp assumed coverage on shares of IREN in a report on Wednesday, November 19th. They set a “market outperform” rating and a $80.00 target price for the company. B. Riley reissued a “buy” rating on shares of IREN in a research report on Wednesday, October 22nd. Roth Mkm set a $94.00 target price on IREN and gave the stock a “buy” rating in a research report on Monday, November 3rd. BTIG Research boosted their price target on shares of IREN from $32.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, October 14th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of IREN in a report on Monday, December 29th. 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. Based on data from MarketBeat.com, IREN currently has an average rating of “Moderate Buy” and an average target price of $69.36.

Key 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).

Institutional Investors Weigh In On IREN

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

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.