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

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 Down 10.2%

Shares of IREN stock traded down $6.10 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. The company has a quick ratio of 5.52, a current ratio of 5.52 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $15.23 billion, a P/E ratio of 27.70 and a beta of 4.25. The company has a 50 day moving average price of $46.62 and a 200 day moving average price of $41.58. IREN Limited has a 1 year low of $5.13 and a 1 year high of $76.87.

IREN (NASDAQ:IREN) last announced its 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 firm had revenue of $240.30 million during the quarter, compared to analyst estimates of $244.60 million. IREN had a net margin of 86.96% and a negative return on equity of 3.60%. The business’s revenue for the quarter was up 28.3% compared to the same quarter last year. As a group, equities research analysts forecast that IREN Limited will post 0.43 EPS for the current year.

Institutional Investors Weigh In On IREN

A number of large investors have recently bought and sold shares of IREN. Global Retirement Partners LLC acquired a new stake in IREN during the 3rd quarter valued at approximately $25,000. Miller Wealth Advisors LLC raised its position in shares of IREN by 240.0% in the fourth quarter. Miller Wealth Advisors LLC now owns 680 shares of the company’s stock worth $26,000 after acquiring an additional 480 shares during the period. North Star Investment Management Corp. acquired a new position in IREN in the 4th quarter worth about $26,000. Aventura Private Wealth LLC acquired a new position in shares of IREN during the 4th quarter worth approximately $28,000. Finally, Albion Financial Group UT acquired a new position in IREN during the fourth quarter worth $38,000. Hedge funds and other institutional investors own 41.08% of the company’s stock.

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).

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. UBS Group reissued a “buy” rating on shares of IREN in a research report on Friday, November 7th. B. Riley reissued a “buy” rating on shares of IREN in a report on Wednesday, October 22nd. JMP Securities set a $80.00 price objective on shares of IREN in a report on Wednesday, November 19th. Canaccord Genuity Group increased their price objective on shares of IREN from $42.00 to $70.00 and gave the company a “buy” rating in a research report on Monday, November 10th. Finally, Wall Street Zen raised shares of IREN from a “sell” rating to a “hold” rating in a research report on Saturday, January 17th. Thirteen equities research 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. Based on data from MarketBeat.com, the company presently has an average 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.

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.