Rep. Cleo Fields Buys IREN Limited (NASDAQ:IREN) Stock

Rep. Cleo Fields Buys IREN Limited (NASDAQ:IREN) Stock

Representative Cleo Fields (D-LA) disclosed the purchase of $50,001 - $100,000 of IREN Limited (NASDAQ:IREN) at $39.9966 per share in a filing made on February 04th, 2026. The transaction, dated January 20th, 2026, was reported under his office for Louisiana's 6th district.

Cleo Fields's Recent Trades

• 12/26/2025: Sold $15,001 - $50,000 of FIG stock
• 12/26/2025: Sold $1,001 - $15,000 of OPEN stock
• 12/26/2025: Bought $50,001 - $100,000 of GOOGL stock
• 12/26/2025: Sold $1,001 - $15,000 of FIG stock
• 12/15/2025: Sold $1,001 - $15,000 of SOUN stock
• 12/15/2025: Bought $15,001 - $50,000 of GOOGL stock
• 12/15/2025: Bought $1,001 - $15,000 of GOOGL stock
• 12/11/2025: Bought $100,001 - $250,000 of GOOGL stock
• 12/11/2025: Bought $1,001 - $15,000 of MSFT stock

IREN Stock Performance

Shares of IREN opened at $42.728, down 7.61%. The 50-day moving average is $45.9253 and the 200-day moving average is $34.36585. The 52-week low is $5.125 and the 52-week high is $76.87.

Since the transaction date (January 20th, 2026), IREN shares have fallen 27.21%, opening at $54.95 on the transaction date. The stock rose 9.17% in the first week, fell 1.02% over two weeks, and fell 21.22% over one month.

Debt-to-equity was 1.53, the current ratio was 4.96 and the quick ratio was 4.96. Market capitalization was $13.27 billion, the price-to-earnings ratio was 21.53 and beta was 4.28. For fiscal year 2025 IREN reported revenue of $501.02 million and EPS of $0.41. Return on equity (TTM) was 18.65% and net profit margin (TTM) was 57.73%.

Key Stories Impacting IREN

• (Positive) IREN announced a strategic agreement with Microsoft to provide dedicated GPU services at its Childress, Texas “Horizon” facilities with a total contract value of about $9.7 billion (announced Nov 2, 2025).
• (Positive) IREN entered a purchase agreement with Dell to buy GPUs and related products with an aggregate purchase price of about $5.8 billion (announced Nov 2, 2025).
• (Neutral) In the quarter ended Dec 31, 2025 filing, IREN reported strong revenue growth (quarterly revenue ~ $184.7M) but a quarterly net loss driven by higher operating costs and impairments (Q2 FY26 / quarter ended Dec 31, 2025).
• (Neutral) IREN completed capital markets transactions in late 2025, including a $1.0 billion convertible senior notes issuance and a registered direct equity offering (closed Dec 8, 2025).
• (Neutral) On Feb 4, 2026 IREN disclosed a binding commitment letter with Goldman Sachs Bank USA and JPMorgan Chase to underwrite a delayed-draw financing of about $3.6 billion.
• (Neutral) IREN appointed Anthony Lewis as Chief Financial Officer effective Sept 8, 2025.
• (Negative) Public filings and insider-tracking sources show co-CEOs Daniel and William Roberts each sold about 1,000,000 shares in September 2025 (insider sales reported Sept 2025).

Analyst Ratings for IREN

Canaccord Genuity reiterated a 'Buy' rating. Cantor Fitzgerald reiterated an 'Overweight' rating. Macquarie reiterated an 'Outperform' rating. HC Wainwright & Co. upgraded to a 'Buy' rating. JP Morgan reiterated an 'Underweight' rating.

Presently, 109 analysts have rated IREN with a buy recommendation, 12 have issued a hold, and 4 have given a sell rating. The average rating is 'Strong Buy' with an average price target of $74.20.

Institutional Investors Weigh In On IREN

JANE STREET GROUP, LLC holds 17,330,300 shares valued at $693,153,077. SUSQUEHANNA INTERNATIONAL GROUP, LLP holds 16,286,300 shares valued at $651,396,627. SUSQUEHANNA INTERNATIONAL GROUP, LLP (PUT entry) holds 16,248,400 shares valued at $649,880,755. D. E. SHAW & CO., INC. holds 11,684,671 shares valued at $467,347,112. CITADEL ADVISORS LLC holds 11,360,400 shares valued at $454,377,375. Currently, 43.83% of the stock is owned by institutional investors.

About Cleo Fields

Representative Cleo Fields is a Democratic member of the U.S. House representing Louisiana's 6th congressional district. He has served in office since 1993 and was born in 1962; he is 64 years old. Filings were reported under his House office for Louisiana's 6th district.

About IREN

IREN Limited is a Financial - Capital Markets company operating a vertically integrated data center business in Australia and Canada that owns and operates computing hardware, electrical infrastructure and data centers and also mines Bitcoin. The company was formerly known as Iris Energy Limited and changed its name to IREN Limited in November 2024. IREN was incorporated in 2018 and is headquartered in Sydney, Australia.