U.S. Rep. Cleo Fields of Louisiana has been within the highlight after buying and selling shares in Bitcoin (BTC) mining firm IREN Restricted (NASDAQ: IREN) in July was one in all her most profitable strikes.
In line with filings, on July 10, 2025, Fields bought between $15,001 and $50,000 price of IREN inventory. The deal, revealed in early August, coincided with a 196% rise in IREN’s inventory worth in about three months.
The truth is, the politician has beforehand been concerned in high-profile inventory transactions and has been accused of utilizing personal data.
For instance, in Fields’ current Congressional transactions, within the days main as much as Oracle (NYSE:ORCL) rising as a lead accomplice within the acquisition of TikTok within the U.S., Fields purchased between $80,000 and $200,000 price of Oracle inventory in three transactions on September 17, 18, and 23.
It was later confirmed that Oracle would oversee TikTok’s algorithm underneath a Sept. 25 government order, and stories of the deal turned public on Sept. 22.
Nonetheless, Mr. Fields denied any wrongdoing within the inventory transactions.
IREN’s bullish fundamentals
Alternatively, a number of elementary components have contributed to the current rise in inventory costs. Notably, IREN, previously referred to as Iris Power, has quickly expanded its Bitcoin mining capability, reaching 50 exahashes per second earlier this 12 months.
The corporate is concentrated on effectivity and claims one of many lowest manufacturing prices within the business by leveraging renewable power for its knowledge facilities.
As the value of Bitcoin elevated all through 2025, IREN’s mining margin expanded considerably.
However what actually ignited investor enthusiasm was IREN’s pivot to synthetic intelligence. Constructing on its knowledge middle footprint, the corporate has begun deploying high-end Nvidia (NASDAQ: NVDA) GPUs, together with the most recent H100 and Blackwell sequence chips, to energy its cloud infrastructure for AI workloads.
In August, IREN secured “most popular accomplice” standing with the American chipmaker, a designation that gives each reliability and precedence entry to uncommon {hardware}.
This information, coupled with sturdy quarterly earnings that confirmed a 228% improve in income and a return to profitability, made IREN one of many market’s hottest twin performs in crypto and AI.
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