IREN (IREN) Competitors

$58.70 +3.53 (+6.40%)

As of 11:23 AM 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 stock? We will compare the two companies based on the strength of their profitability, media sentiment, dividends, valuation, risk, institutional ownership, analyst recommendations 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.

Company	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Bit Digital	$113.56M	5.78	-$80.32M	-$0.55	N/A
IREN	$501.02M	38.73	$86.94M	$0.48	121.66

47.7% of Bit Digital shares are held by institutional investors. Comparatively, 41.1% of IREN shares are held by institutional investors. 1.8% of Bit Digital shares are held by company insiders. Comparatively, 5.0% of IREN shares are held by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock is poised for long-term growth.

In the previous week, IREN had 78 more articles in the media than Bit Digital. MarketBeat recorded 86 mentions for IREN and 8 mentions for Bit Digital. Bit Digital's average media sentiment score of 0.49 beat IREN's score of 0.35 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	1 Very Positive mention(s)	0 Positive mention(s)	5 Neutral mention(s)	0 Negative mention(s)	0 Very Negative mention(s)	Neutral
IREN	22 Very Positive mention(s)	20 Positive mention(s)	22 Neutral mention(s)	7 Negative mention(s)	3 Very Negative mention(s)	Neutral

Bit Digital currently has a consensus target price of $5.67, suggesting a potential upside of 182.06%. IREN has a consensus target price of $71.77, suggesting a potential upside of 22.90%. Given Bit Digital's higher probable upside, equities research 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	2 Sell rating(s)	4 Hold rating(s)	13 Buy rating(s)	0 Strong Buy rating(s)	2.58

Bit Digital has a beta of 3.95, meaning that its stock price is 295% more volatile than the broader market. Comparatively, IREN has a beta of 4.17, meaning that its stock price is 317% more volatile than the broader market.

IREN has a net margin of 20.90% compared to Bit Digital's net margin of -70.70%. Bit Digital's return on equity of -5.39% beat IREN's return on equity.

Company	Net Margins	Return on Equity	Return on Assets
Bit Digital	-70.70%	-5.39%	-4.48%
IREN	20.90%	-13.13%	-6.03%

Summary

IREN beats Bit Digital on 11 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 banking companies, but which is the superior investment? We will compare the two companies based on the strength of their analyst recommendations, dividends, valuation, earnings, profitability, risk, institutional ownership and media sentiment.

IREN has a beta of 4.17, meaning that its stock price is 317% more volatile than the broader market. Comparatively, Cipher Mining has a beta of 3.13, meaning that its stock price is 213% more volatile than the broader market.

In the previous week, IREN had 69 more articles in the media than Cipher Mining. MarketBeat recorded 86 mentions for IREN and 17 mentions for Cipher Mining. Cipher Mining's average media sentiment score of 0.63 beat IREN's score of 0.35 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	22 Very Positive mention(s)	20 Positive mention(s)	22 Neutral mention(s)	7 Negative mention(s)	3 Very Negative mention(s)	Neutral
Cipher Mining	7 Very Positive mention(s)	0 Positive mention(s)	5 Neutral mention(s)	0 Negative mention(s)	0 Very Negative mention(s)	Positive

IREN presently has a consensus target price of $71.77, suggesting a potential upside of 22.90%. Cipher Mining has a consensus target price of $26.67, suggesting a potential upside of 25.85%. Given Cipher Mining's stronger consensus rating and higher probable upside, analysts plainly believe Cipher Mining is more favorable than IREN.

Company	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
IREN	2 Sell rating(s)	4 Hold rating(s)	13 Buy rating(s)	0 Strong Buy rating(s)	2.58
Cipher Mining	1 Sell rating(s)	2 Hold rating(s)	15 Buy rating(s)	0 Strong Buy rating(s)	2.78

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.

Company	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
IREN	$501.02M	38.73	$86.94M	$0.48	121.66
Cipher Mining	$223.94M	38.70	-$822.24M	-$2.33	N/A

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
IREN	20.90%	-13.13%	-6.03%
Cipher Mining	-427.79%	-117.65%	-24.68%

41.1% of IREN shares are owned by institutional investors. Comparatively, 12.3% of Cipher Mining shares are owned by institutional investors. 5.0% of IREN shares are owned by insiders. Comparatively, 2.6% of Cipher Mining shares are owned 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.

Summary

IREN beats Cipher Mining on 12 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 compare the two companies based on the strength of their analyst recommendations, dividends, valuation, earnings, profitability, risk, institutional ownership and media sentiment.

IREN has a beta of 4.17, meaning that its stock price is 317% more volatile than the broader market. Comparatively, Cleanspark has a beta of 3.71, meaning that its stock price is 271% more volatile than the broader market.

In the previous week, IREN had 37 more articles in the media than Cleanspark. MarketBeat recorded 86 mentions for IREN and 49 mentions for Cleanspark. Cleanspark's average media sentiment score of 0.39 beat IREN's score of 0.35 indicating that Cleanspark is being referred to more favorably in the news media.

Company	Very Positive	Positive	Neutral	Negative	Very Negative	Overall Sentiment
IREN	22 Very Positive mention(s)	20 Positive mention(s)	22 Neutral mention(s)	7 Negative mention(s)	3 Very Negative mention(s)	Neutral
Cleanspark	13 Very Positive mention(s)	7 Positive mention(s)	8 Neutral mention(s)	1 Negative mention(s)	2 Very Negative mention(s)	Neutral

IREN presently has a consensus target price of $71.77, suggesting a potential upside of 22.90%. Cleanspark has a consensus target price of $20.44, suggesting a potential upside of 52.00%. Given Cleanspark's stronger consensus rating and higher probable upside, analysts plainly believe Cleanspark is more favorable than IREN.

Company	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
IREN	2 Sell rating(s)	4 Hold rating(s)	13 Buy rating(s)	0 Strong Buy rating(s)	2.58
Cleanspark	2 Sell rating(s)	0 Hold rating(s)	12 Buy rating(s)	1 Strong Buy rating(s)	2.80

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.

Company	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
IREN	$501.02M	38.73	$86.94M	$0.48	121.66
Cleanspark	$766.31M	4.50	$364.46M	-$1.07	N/A

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
IREN	20.90%	-13.13%	-6.03%
Cleanspark	-67.66%	7.07%	3.77%

41.1% of IREN shares are owned by institutional investors. Comparatively, 43.1% of Cleanspark shares are owned by institutional investors. 5.0% of IREN shares are owned by insiders. Comparatively, 2.1% of Cleanspark shares are owned 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.

Summary

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

How does IREN compare to HIVE Digital Technologies?

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

IREN has a beta of 4.17, meaning that its share price is 317% more volatile than the broader market. Comparatively, HIVE Digital Technologies has a beta of 3.5, meaning that its share price is 250% more volatile than the broader market.

41.1% of IREN shares are owned by institutional investors. Comparatively, 24.4% of HIVE Digital Technologies shares are owned by institutional investors. 5.0% of IREN shares are owned by insiders. Comparatively, 9.4% of HIVE Digital Technologies shares are owned by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company will outperform the market over the long term.

In the previous week, IREN had 83 more articles in the media than HIVE Digital Technologies. MarketBeat recorded 86 mentions for IREN and 3 mentions for HIVE Digital Technologies. HIVE Digital Technologies' average media sentiment score of 0.49 beat IREN's score of 0.35 indicating that HIVE Digital Technologies is being referred to more favorably in the news media.

Company	Very Positive	Positive	Neutral	Negative	Very Negative	Overall Sentiment
IREN	22 Very Positive mention(s)	20 Positive mention(s)	22 Neutral mention(s)	7 Negative mention(s)	3 Very Negative mention(s)	Neutral
HIVE Digital Technologies	1 Very Positive mention(s)	0 Positive mention(s)	1 Neutral mention(s)	0 Negative mention(s)	0 Very Negative mention(s)	Neutral

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.

Company	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
IREN	$501.02M	38.73	$86.94M	$0.48	121.66
HIVE Digital Technologies	$115.28M	6.48	-$3M	-$0.60	N/A

IREN presently has a consensus target price of $71.77, suggesting a potential upside of 22.90%. HIVE Digital Technologies has a consensus target price of $6.17, suggesting a potential upside of 118.29%. Given HIVE Digital Technologies' higher possible upside, analysts plainly believe HIVE Digital Technologies is more favorable than IREN.

Company	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
IREN	2 Sell rating(s)	4 Hold rating(s)	13 Buy rating(s)	0 Strong Buy rating(s)	2.58
HIVE Digital Technologies	1 Sell rating(s)	2 Hold rating(s)	6 Buy rating(s)	0 Strong Buy rating(s)	2.56

IREN has a net margin of 20.90% compared to HIVE Digital Technologies' net margin of -47.89%. IREN's return on equity of -13.13% beat HIVE Digital Technologies' return on equity.

Company	Net Margins	Return on Equity	Return on Assets
IREN	20.90%	-13.13%	-6.03%
HIVE Digital Technologies	-47.89%	-19.81%	-17.54%

Summary

IREN beats HIVE Digital Technologies on 13 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 business? We will contrast the two businesses based on the strength of their analyst recommendations, risk, valuation, profitability, earnings, institutional ownership, dividends and media sentiment.

Hut 8 has a beta of 4.48, meaning that its stock price is 348% more volatile than the broader market. Comparatively, IREN has a beta of 4.17, meaning that its stock price is 317% more volatile than the broader market.

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.

Company	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Hut 8	$235.12M	52.11	-$226.15M	-$3.00	N/A
IREN	$501.02M	38.73	$86.94M	$0.48	121.66

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%

Hut 8 currently has a consensus target price of $107.72, suggesting a potential downside of 1.00%. IREN has a consensus target price of $71.77, suggesting a potential upside of 22.90%. Given IREN's higher probable upside, analysts plainly 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	2 Sell rating(s)	4 Hold rating(s)	13 Buy rating(s)	0 Strong Buy rating(s)	2.58

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

In the previous week, IREN had 62 more articles in the media than Hut 8. MarketBeat recorded 86 mentions for IREN and 24 mentions for Hut 8. Hut 8's average media sentiment score of 0.44 beat IREN's score of 0.35 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	8 Very Positive mention(s)	3 Positive mention(s)	3 Neutral mention(s)	1 Negative mention(s)	0 Very Negative mention(s)	Neutral
IREN	22 Very Positive mention(s)	20 Positive mention(s)	22 Neutral mention(s)	7 Negative mention(s)	3 Very Negative mention(s)	Neutral

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.

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.

IREN vs. The Competition

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Metric	IREN	Utilities Industry	Finance Sector	NASDAQ Exchange
Market Cap	$19.40B	$19.61B	$13.45B	$12.38B
Dividend Yield	N/A	4.13%	5.81%	5.30%
P/E Ratio	121.66	46.33	23.19	25.53
Price / Sales	38.73	43.22	171.30	73.70
Price / Cash	77.55	24.47	20.50	55.34
Price / Book	7.28	3.09	2.15	6.62
Net Income	$86.94M	-$1.31B	$1.11B	$333.63M
7 Day Performance	2.72%	-0.99%	-0.78%	-0.33%
1 Month Performance	23.38%	-2.77%	0.48%	3.48%
1 Year Performance	632.70%	50.99%	11.14%	35.08%

IREN Competitors List

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Company	MarketRank	Share Price	Analysts' Price Target	1Y Price Performance	Market Cap	Revenue	P/E Ratio	Employee Count	Indicator(s)
IREN IREN	3.4927 of 5 stars	$58.70 +6.4%	$71.77 +22.3%	+579.4%	$19.41B	$501.02M	121.67	100	Earnings Report Analyst Forecast Analyst Revision Gap Down
BTBT Bit Digital	3.4386 of 5 stars	$1.70 +0.9%	$5.67 +234.3%	-9.4%	$556.82M	$113.56M	N/A	10	Options Volume Gap Up
CIFR Cipher Mining	3.2721 of 5 stars	$19.13 +6.9%	$25.00 +30.7%	+519.2%	$7.84B	$223.94M	N/A	10	Analyst Forecast Analyst Revision
CLSK Cleanspark	2.982 of 5 stars	$13.34 +4.0%	$20.29 +52.1%	+33.0%	$3.43B	$766.31M	N/A	130	Trending News Earnings Report Analyst Downgrade Options Volume Analyst Revision
HIVE HIVE Digital Technologies	2.6171 of 5 stars	$2.66 +2.1%	$6.17 +132.3%	+40.8%	$701.89M	$115.28M	N/A	20	Analyst Forecast

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This page (NASDAQ:IREN) was last updated on 5/14/2026 by MarketBeat.com Staff.

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IREN (IREN) Competitors