Representative Cleo Fields purchased shares of IREN Limited ($IREN), a Bitcoin mining and renewable energy-powered data center operator, last month. Since the date of his trade, IREN has surged 63%, including a nearly 20% jump today. The transaction marks the first time a member of Congress has reported buying shares of IREN.
- Fields is a member of the House Financial Services Committee, which oversees banking, securities, and cryptocurrency policy.
- The purchase was the first congressional trade in IREN observed to date.
- IREN has gained 63% since the trade, underscoring volatility in the Bitcoin mining sector.
- The company operates grid-connected data centers designed for power-dense computing, such as cryptocurrency mining, powered by renewable energy.
- IREN, formerly known as Iris Energy, was incorporated in 2018 and is based in Sydney, Australia.
Relevant Companies
- IREN - Bitcoin mining and renewable-powered data center operator whose shares have soared since Rep. Fields’ trade.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
