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

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

Representative Cleo Fields, a Democratic member of the U.S. House, disclosed the purchase of $15,001-$50,000 of IREN Limited (NASDAQ:IREN) shares in a filing made on August 07th, 2025. The transaction, dated July 10th, 2025, was reported in a periodic transaction report.

Cleo Fields's Recent Trades

• 2/12/2026: Bought $1,001 - $15,000 of AAPL stock
• 2/3/2026: Bought $100,001 - $250,000 of META stock
• 2/3/2026: Bought $50,001 - $100,000 of AMD stock
• 2/3/2026: Bought $100,001 - $250,000 of MU stock
• 2/3/2026: Bought $15,001 - $50,000 of LRCX stock
• 2/3/2026: Bought $100,001 - $250,000 of GOOGL stock
• 1/20/2026: Bought $50,001 - $100,000 of META stock
• 1/20/2026: Bought $50,001 - $100,000 of IREN stock
• 1/20/2026: Bought $100,001 - $250,000 of GOOGL stock
• 1/20/2026: Bought $50,001 - $100,000 of NFLX stock

IREN Stock Performance

Shares of IREN opened at $41.17 on Friday, down 8.47%. The 50-day moving average is $46.42 and the 200-day moving average is $35.78. The 52-week low is $5.13 and the 52-week high is $76.87.

Since the transaction date (July 10th, 2025), IREN shares have risen 137.85%, opening at $16.87 on the transaction date. The stock rose 6.99% in the first week and 7.53% over two weeks, and 9.37% over one month.

IREN's debt-to-equity ratio was 1.53 and its current ratio was 4.96 with a quick ratio of 4.96. Market capitalization was $13.31 billion, the trailing P/E was 21.60 and beta was 4.32. For fiscal year 2025 the company reported revenue of $501.02 million and net income of $86.94 million with EPS of $0.41. Return on equity (TTM) was 18.65% and net profit margin (TTM) was 57.73%. Reported revenue rose approximately 167.69% year-over-year from $187.19 million in FY2024 to $501.02 million in FY2025.

Key Stories Impacting IREN

• (Positive) IREN announced a $1.0 billion at-the-market facility, raised its hashrate expansion target to 57 EH/s and outlined a multi-gigawatt data-center pipeline including Sweetwater energization targeted for April 2026 (Jan 21, 2025).
• (Neutral) The company said it was pausing certain Bitcoin-mining expansion (~52 EH/s) while progressing debt-financing workstreams and shifting emphasis toward its AI/HPC data-center strategy (Mar 31, 2025).
• (Positive) IREN reported quarterly results showing ~28% growth in profit after tax and reiterated increased focus and investment in AI data-center initiatives while pausing mining expansion (May 14, 2025).
• (Negative) The company disclosed that the SEC was reviewing its Form 20-F for the fiscal year ended June 30, 2024 (Mar 20, 2025 approx.).
• (Neutral) IREN priced a sizable convertible-note offering reported at roughly $875 million to support capital needs and expansion plans (Oct 9, 2025).
• (Positive) IREN announced a multi-year GPU cloud services agreement with Microsoft (~US$9.7 billion contract value) and a related ~US$5.8 billion purchase agreement with Dell for GPUs/equipment (Nov 3, 2025).

Analyst Ratings for IREN

Canaccord Genuity reiterated a 'Buy' rating (2026-02-10). Cantor Fitzgerald reiterated an 'Overweight' rating (2026-02-06). Macquarie reiterated an 'Outperform' rating (2026-02-06). HC Wainwright & Co. upgraded to a 'Buy' rating (2026-01-13). JP Morgan reiterated an 'Underweight' rating (2025-11-24).

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 $695,378,287.50. SUSQUEHANNA INTERNATIONAL GROUP, LLP holds 16,286,300 shares valued at $653,487,787.50. SUSQUEHANNA INTERNATIONAL GROUP, LLP holds 16,248,400 shares valued at $651,967,050.00. D. E. SHAW & CO., INC. holds 11,684,671 shares valued at $468,847,423.88. CITADEL ADVISORS LLC holds 11,360,400 shares valued at $455,836,050.00. Currently, 65.86% 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 the House since 1993 and is 64 years old. Fields' official website is listed as https://fields.house.gov/.

About IREN

IREN Limited is a Financial - Capital Markets company that operates vertically integrated data centers and computing infrastructure in Australia and Canada and also conducts Bitcoin mining. The company, formerly known as Iris Energy Limited, was incorporated in 2018, changed its name in November 2024 and completed an IPO on 2021-11-17. The CEO is William Roberts and the company is headquartered in Sydney, Australia.