IREN (IREN) Competitors

IREN logo
$54.72 -2.15 (-3.78%)
As of 04:00 PM Eastern

IREN vs. BTBT, CIFR, CLSK, HIVE, and HUT

Should you buy IREN stock or one of its competitors? MarketBeat compares IREN with other companies and stocks that may be similar based on industry, sector, market capitalization, business model, investor interest, or shared news coverage. Companies and stocks commonly compared with IREN include Bit Digital (BTBT), Cipher Mining (CIFR), Cleanspark (CLSK), HIVE Digital Technologies (HIVE), and Hut 8 (HUT). These companies are all part of the "banking" industry.

How does IREN compare to Bit Digital?

Bit Digital (NASDAQ:BTBT) and IREN (NASDAQ:IREN) are both banking companies, but which is the better business? We will contrast the two companies based on the strength of their media sentiment, institutional ownership, valuation, profitability, analyst recommendations, risk, dividends and earnings.

IREN has higher revenue and earnings than Bit Digital. Bit Digital is trading at a lower price-to-earnings ratio than IREN, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Bit Digital$113.56M6.55-$80.32M-$0.68N/A
IREN$501.02M39.03$86.94M$0.48114.00

Bit Digital currently has a consensus price target of $5.67, indicating a potential upside of 166.04%. IREN has a consensus price target of $82.36, indicating a potential upside of 50.51%. Given Bit Digital's higher probable upside, equities analysts plainly believe Bit Digital is more favorable than IREN.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Bit Digital
2 Sell rating(s)
0 Hold rating(s)
2 Buy rating(s)
0 Strong Buy rating(s)
2.00
IREN
1 Sell rating(s)
5 Hold rating(s)
14 Buy rating(s)
0 Strong Buy rating(s)
2.65

In the previous week, IREN had 15 more articles in the media than Bit Digital. MarketBeat recorded 16 mentions for IREN and 1 mentions for Bit Digital. Bit Digital's average media sentiment score of 0.67 beat IREN's score of 0.54 indicating that Bit Digital is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Bit Digital
0 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
IREN
6 Very Positive mention(s)
1 Positive mention(s)
8 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive

47.7% of Bit Digital shares are owned by institutional investors. Comparatively, 41.1% of IREN shares are owned by institutional investors. 2.0% of Bit Digital shares are owned by company insiders. Comparatively, 5.0% of IREN shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company is poised for long-term growth.

Bit Digital has a beta of 3.98, suggesting that its stock price is 298% more volatile than the broader market. Comparatively, IREN has a beta of 4.22, suggesting that its stock price is 322% more volatile than the broader market.

IREN has a net margin of 20.90% compared to Bit Digital's net margin of -145.39%. Bit Digital's return on equity of -8.44% beat IREN's return on equity.

Company Net Margins Return on Equity Return on Assets
Bit Digital-145.39% -8.44% -6.24%
IREN 20.90%-13.13%-6.03%

Summary

IREN beats Bit Digital on 12 of the 16 factors compared between the two stocks.

How does IREN compare to Cipher Mining?

IREN (NASDAQ:IREN) and Cipher Mining (NASDAQ:CIFR) are both large-cap banking companies, but which is the better investment? We will compare the two companies based on the strength of their institutional ownership, earnings, media sentiment, valuation, dividends, profitability, risk and analyst recommendations.

41.1% of IREN shares are held by institutional investors. Comparatively, 12.3% of Cipher Mining shares are held by institutional investors. 5.0% of IREN shares are held by company insiders. Comparatively, 2.6% of Cipher Mining shares are held by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock will outperform the market over the long term.

In the previous week, IREN and IREN both had 16 articles in the media. Cipher Mining's average media sentiment score of 0.59 beat IREN's score of 0.54 indicating that Cipher Mining is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
IREN
6 Very Positive mention(s)
1 Positive mention(s)
8 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive
Cipher Mining
9 Very Positive mention(s)
0 Positive mention(s)
4 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive

IREN has higher revenue and earnings than Cipher Mining. Cipher Mining is trading at a lower price-to-earnings ratio than IREN, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
IREN$501.02M39.03$86.94M$0.48114.00
Cipher Mining$223.94M50.49-$822.24M-$2.33N/A

IREN currently has a consensus target price of $82.36, suggesting a potential upside of 50.51%. Cipher Mining has a consensus target price of $27.69, suggesting a potential upside of 0.17%. Given IREN's higher probable upside, equities research analysts plainly believe IREN is more favorable than Cipher Mining.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
IREN
1 Sell rating(s)
5 Hold rating(s)
14 Buy rating(s)
0 Strong Buy rating(s)
2.65
Cipher Mining
1 Sell rating(s)
2 Hold rating(s)
15 Buy rating(s)
1 Strong Buy rating(s)
2.84

IREN has a net margin of 20.90% compared to Cipher Mining's net margin of -427.79%. IREN's return on equity of -13.13% beat Cipher Mining's return on equity.

Company Net Margins Return on Equity Return on Assets
IREN20.90% -13.13% -6.03%
Cipher Mining -427.79%-117.65%-24.68%

IREN has a beta of 4.22, indicating that its share price is 322% more volatile than the broader market. Comparatively, Cipher Mining has a beta of 3.18, indicating that its share price is 218% more volatile than the broader market.

Summary

IREN beats Cipher Mining on 11 of the 16 factors compared between the two stocks.

How does IREN compare to Cleanspark?

IREN (NASDAQ:IREN) and Cleanspark (NASDAQ:CLSK) are both finance companies, but which is the superior investment? We will contrast the two companies based on the strength of their profitability, media sentiment, earnings, dividends, analyst recommendations, risk, valuation and institutional ownership.

IREN currently has a consensus target price of $82.36, suggesting a potential upside of 50.51%. Cleanspark has a consensus target price of $20.67, suggesting a potential upside of 20.26%. Given IREN's higher probable upside, equities analysts plainly believe IREN is more favorable than Cleanspark.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
IREN
1 Sell rating(s)
5 Hold rating(s)
14 Buy rating(s)
0 Strong Buy rating(s)
2.65
Cleanspark
2 Sell rating(s)
0 Hold rating(s)
12 Buy rating(s)
1 Strong Buy rating(s)
2.80

In the previous week, IREN had 13 more articles in the media than Cleanspark. MarketBeat recorded 16 mentions for IREN and 3 mentions for Cleanspark. Cleanspark's average media sentiment score of 1.03 beat IREN's score of 0.54 indicating that Cleanspark is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
IREN
6 Very Positive mention(s)
1 Positive mention(s)
8 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive
Cleanspark
1 Very Positive mention(s)
1 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

IREN has a beta of 4.22, suggesting that its share price is 322% more volatile than the broader market. Comparatively, Cleanspark has a beta of 3.79, suggesting that its share price is 279% more volatile than the broader market.

IREN has a net margin of 20.90% compared to Cleanspark's net margin of -67.66%. Cleanspark's return on equity of 7.07% beat IREN's return on equity.

Company Net Margins Return on Equity Return on Assets
IREN20.90% -13.13% -6.03%
Cleanspark -67.66%7.07%3.77%

41.1% of IREN shares are held by institutional investors. Comparatively, 43.1% of Cleanspark shares are held by institutional investors. 5.0% of IREN shares are held by insiders. Comparatively, 2.1% of Cleanspark shares are held by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock will outperform the market over the long term.

Cleanspark has higher revenue and earnings than IREN. Cleanspark is trading at a lower price-to-earnings ratio than IREN, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
IREN$501.02M39.03$86.94M$0.48114.00
Cleanspark$766.31M5.76$364.46M-$2.10N/A

Summary

IREN beats Cleanspark on 9 of the 17 factors compared between the two stocks.

How does IREN compare to HIVE Digital Technologies?

HIVE Digital Technologies (NASDAQ:HIVE) and IREN (NASDAQ:IREN) are both finance companies, but which is the superior investment? We will compare the two businesses based on the strength of their analyst recommendations, dividends, media sentiment, profitability, valuation, earnings, institutional ownership and risk.

IREN has a net margin of 20.90% compared to HIVE Digital Technologies' net margin of -49.21%. IREN's return on equity of -13.13% beat HIVE Digital Technologies' return on equity.

Company Net Margins Return on Equity Return on Assets
HIVE Digital Technologies-49.21% -23.12% -20.33%
IREN 20.90%-13.13%-6.03%

IREN has higher revenue and earnings than HIVE Digital Technologies. HIVE Digital Technologies is trading at a lower price-to-earnings ratio than IREN, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
HIVE Digital Technologies$297.79M4.11-$148.45M-$0.56N/A
IREN$501.02M39.03$86.94M$0.48114.00

24.4% of HIVE Digital Technologies shares are owned by institutional investors. Comparatively, 41.1% of IREN shares are owned by institutional investors. 5.0% of IREN shares are owned by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company will outperform the market over the long term.

HIVE Digital Technologies currently has a consensus price target of $6.90, suggesting a potential upside of 49.03%. IREN has a consensus price target of $82.36, suggesting a potential upside of 50.51%. Given IREN's stronger consensus rating and higher probable upside, analysts clearly believe IREN is more favorable than HIVE Digital Technologies.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
HIVE Digital Technologies
1 Sell rating(s)
2 Hold rating(s)
6 Buy rating(s)
0 Strong Buy rating(s)
2.56
IREN
1 Sell rating(s)
5 Hold rating(s)
14 Buy rating(s)
0 Strong Buy rating(s)
2.65

In the previous week, IREN had 4 more articles in the media than HIVE Digital Technologies. MarketBeat recorded 16 mentions for IREN and 12 mentions for HIVE Digital Technologies. IREN's average media sentiment score of 0.54 beat HIVE Digital Technologies' score of 0.12 indicating that IREN is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
HIVE Digital Technologies
4 Very Positive mention(s)
1 Positive mention(s)
3 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Neutral
IREN
6 Very Positive mention(s)
1 Positive mention(s)
8 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive

HIVE Digital Technologies has a beta of 3.74, meaning that its stock price is 274% more volatile than the broader market. Comparatively, IREN has a beta of 4.22, meaning that its stock price is 322% more volatile than the broader market.

Summary

IREN beats HIVE Digital Technologies on 16 of the 16 factors compared between the two stocks.

How does IREN compare to Hut 8?

Hut 8 (NASDAQ:HUT) and IREN (NASDAQ:IREN) are both large-cap finance companies, but which is the better investment? We will contrast the two companies based on the strength of their earnings, dividends, media sentiment, risk, valuation, profitability, analyst recommendations and institutional ownership.

Hut 8 has a beta of 4.61, indicating that its share price is 361% more volatile than the broader market. Comparatively, IREN has a beta of 4.22, indicating that its share price is 322% more volatile than the broader market.

Hut 8 presently has a consensus price target of $113.95, suggesting a potential downside of 5.45%. IREN has a consensus price target of $82.36, suggesting a potential upside of 50.51%. Given IREN's higher possible upside, analysts clearly believe IREN is more favorable than Hut 8.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Hut 8
1 Sell rating(s)
0 Hold rating(s)
17 Buy rating(s)
0 Strong Buy rating(s)
2.89
IREN
1 Sell rating(s)
5 Hold rating(s)
14 Buy rating(s)
0 Strong Buy rating(s)
2.65

In the previous week, IREN had 1 more articles in the media than Hut 8. MarketBeat recorded 16 mentions for IREN and 15 mentions for Hut 8. Hut 8's average media sentiment score of 1.05 beat IREN's score of 0.54 indicating that Hut 8 is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Hut 8
12 Very Positive mention(s)
1 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
IREN
6 Very Positive mention(s)
1 Positive mention(s)
8 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive

IREN has higher revenue and earnings than Hut 8. Hut 8 is trading at a lower price-to-earnings ratio than IREN, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Hut 8$235.12M57.71-$226.15M-$3.00N/A
IREN$501.02M39.03$86.94M$0.48114.00

IREN has a net margin of 20.90% compared to Hut 8's net margin of -109.77%. Hut 8's return on equity of -0.35% beat IREN's return on equity.

Company Net Margins Return on Equity Return on Assets
Hut 8-109.77% -0.35% -0.22%
IREN 20.90%-13.13%-6.03%

31.8% of Hut 8 shares are owned by institutional investors. Comparatively, 41.1% of IREN shares are owned by institutional investors. 10.4% of Hut 8 shares are owned by insiders. Comparatively, 5.0% of IREN shares are owned by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company is poised for long-term growth.

Summary

Hut 8 and IREN tied by winning 8 of the 16 factors compared between the two stocks.

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New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding IREN and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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IREN vs. The Competition

MetricIRENUtilities IndustryFinance SectorNASDAQ Exchange
Market Cap$19.56B$19.50B$13.94B$12.14B
Dividend YieldN/A4.17%5.75%5.81%
P/E Ratio114.0046.8920.2224.05
Price / Sales39.0340.83139.71102.06
Price / Cash82.2125.0619.5437.84
Price / Book7.773.032.256.55
Net Income$86.94M-$1.31B$1.14B$336.99M
7 Day Performance-7.54%-1.93%-0.24%-0.10%
1 Month Performance-3.71%-3.43%1.11%0.90%
1 Year Performance413.32%35.23%15.46%31.76%

IREN Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
IREN
IREN
3.4636 of 5 stars
$54.72
-3.8%
$82.36
+50.5%
+443.2%$19.56B$501.02M114.00100
BTBT
Bit Digital
3.5972 of 5 stars
$2.16
+11.7%
$5.67
+163.0%
-4.3%$736.79M$113.56MN/A10
CIFR
Cipher Mining
2.1537 of 5 stars
$27.07
+4.0%
$27.69
+2.3%
+642.5%$11.05B$223.94MN/A10
CLSK
Cleanspark
3.0564 of 5 stars
$17.49
+2.1%
$20.67
+18.2%
+93.9%$4.49B$766.31MN/A130
HIVE
HIVE Digital Technologies
3.4451 of 5 stars
$4.18
+5.6%
$6.90
+65.0%
+188.2%$1.11B$297.79MN/A20

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This page (NASDAQ:IREN) was last updated on 6/23/2026 by MarketBeat.com Staff.
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