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IREN (IREN) Competitors

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$41.88 -0.72 (-1.69%)
As of 08/21/2026 04:00 PM Eastern

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

Should you buy IREN stock or one of its competitors? IREN's main competitors and comparable companies include Bit Digital (BTBT), Cipher Mining (CIFR), Cleanspark (CLSK), HIVE Digital Technologies (HIVE), and Hut 8 (HUT). Companies are selected based on similarities in market, industry, and size. These companies are all part of the "technology" sector.

How does IREN compare to Bit Digital?

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

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$113.56M4.86-$80.32M-$1.06N/A
IREN$501.02M29.87$86.94M$0.4887.25

In the previous week, IREN had 16 more articles in the media than Bit Digital. MarketBeat recorded 22 mentions for IREN and 6 mentions for Bit Digital. IREN's average media sentiment score of 0.49 beat Bit Digital's score of 0.28 indicating that IREN is being referred to more favorably in the news media.

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

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 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 stock is poised for long-term growth.

IREN has a net margin of 20.90% compared to Bit Digital's net margin of -237.19%. Bit Digital's return on equity of -10.66% beat IREN's return on equity.

Company Net Margins Return on Equity Return on Assets
Bit Digital-237.19% -10.66% -6.81%
IREN 20.90%-13.13%-6.03%

Bit Digital currently has a consensus target price of $5.13, indicating a potential upside of 234.97%. IREN has a consensus target price of $83.00, indicating a potential upside of 98.19%. Given Bit Digital's higher possible 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
1 Sell rating(s)
1 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.40
IREN
2 Sell rating(s)
4 Hold rating(s)
14 Buy rating(s)
1 Strong Buy rating(s)
2.67

Bit Digital has a beta of 4.02, meaning that its share price is 302% more volatile than the broader market. Comparatively, IREN has a beta of 4.29, meaning that its share price is 329% more volatile than the broader market.

Summary

IREN beats Bit Digital on 14 of the 17 factors compared between the two stocks.

How does IREN compare to Cipher Mining?

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

IREN has a net margin of 20.90% compared to Cipher Mining's net margin of -585.75%. 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 -585.75%-156.28%-21.29%

IREN has a beta of 4.29, indicating that its share price is 329% more volatile than the broader market. Comparatively, Cipher Mining has a beta of 3.2, indicating that its share price is 220% more volatile than the broader market.

IREN currently has a consensus price target of $83.00, suggesting a potential upside of 98.19%. Cipher Mining has a consensus price target of $28.61, suggesting a potential upside of 81.43%. Given IREN's higher possible upside, research analysts clearly believe IREN is more favorable than Cipher Mining.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
IREN
2 Sell rating(s)
4 Hold rating(s)
14 Buy rating(s)
1 Strong Buy rating(s)
2.67
Cipher Mining
1 Sell rating(s)
1 Hold rating(s)
16 Buy rating(s)
1 Strong Buy rating(s)
2.89

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$501.02M29.87$86.94M$0.4887.25
Cipher Mining$223.94M29.23-$822.24M-$2.86N/A

In the previous week, IREN had 12 more articles in the media than Cipher Mining. MarketBeat recorded 22 mentions for IREN and 10 mentions for Cipher Mining. IREN's average media sentiment score of 0.49 beat Cipher Mining's score of 0.48 indicating that IREN is being referred to more favorably in the media.

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

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, 3.1% of Cipher Mining shares are owned by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company is poised for long-term growth.

Summary

IREN beats Cipher Mining on 14 of the 16 factors compared between the two stocks.

How does IREN compare to Cleanspark?

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

Cleanspark currently has a consensus target price of $23.88, indicating a potential upside of 99.37%. IREN has a consensus target price of $83.00, indicating a potential upside of 98.19%. Given Cleanspark's stronger consensus rating and higher possible upside, equities research analysts plainly believe Cleanspark is more favorable than IREN.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Cleanspark
1 Sell rating(s)
1 Hold rating(s)
13 Buy rating(s)
1 Strong Buy rating(s)
2.88
IREN
2 Sell rating(s)
4 Hold rating(s)
14 Buy rating(s)
1 Strong Buy rating(s)
2.67

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
Cleanspark$766.31M4.01$364.46M-$3.77N/A
IREN$501.02M29.87$86.94M$0.4887.25

IREN has a net margin of 20.90% compared to Cleanspark's net margin of -146.90%. IREN's return on equity of -13.13% beat Cleanspark's return on equity.

Company Net Margins Return on Equity Return on Assets
Cleanspark-146.90% -18.63% -8.15%
IREN 20.90%-13.13%-6.03%

Cleanspark has a beta of 3.86, suggesting that its stock price is 286% more volatile than the broader market. Comparatively, IREN has a beta of 4.29, suggesting that its stock price is 329% more volatile than the broader market.

In the previous week, IREN had 13 more articles in the media than Cleanspark. MarketBeat recorded 22 mentions for IREN and 9 mentions for Cleanspark. IREN's average media sentiment score of 0.49 beat Cleanspark's score of 0.37 indicating that IREN is being referred to more favorably in the news media.

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

43.1% of Cleanspark shares are held by institutional investors. Comparatively, 41.1% of IREN shares are held by institutional investors. 2.1% of Cleanspark 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.

Summary

IREN beats Cleanspark on 11 of the 16 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 technology companies, but which is the better investment? We will contrast the two businesses based on the strength of their media sentiment, valuation, analyst recommendations, profitability, earnings, dividends, risk and institutional ownership.

IREN has a net margin of 20.90% compared to HIVE Digital Technologies' net margin of -98.49%. IREN's return on equity of -13.13% beat HIVE Digital Technologies' return on equity.

Company Net Margins Return on Equity Return on Assets
IREN20.90% -13.13% -6.03%
HIVE Digital Technologies -98.49%-31.98%-23.71%

IREN has a beta of 4.29, indicating that its stock price is 329% more volatile than the broader market. Comparatively, HIVE Digital Technologies has a beta of 3.78, indicating that its stock price is 278% more volatile than the broader market.

IREN presently has a consensus target price of $83.00, indicating a potential upside of 98.19%. HIVE Digital Technologies has a consensus target price of $7.00, indicating a potential upside of 131.02%. 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)
14 Buy rating(s)
1 Strong Buy rating(s)
2.67
HIVE Digital Technologies
1 Sell rating(s)
1 Hold rating(s)
7 Buy rating(s)
0 Strong Buy rating(s)
2.67

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

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
IREN$501.02M29.87$86.94M$0.4887.25
HIVE Digital Technologies$297.79M2.79-$148.45M-$1.29N/A

In the previous week, HIVE Digital Technologies had 38 more articles in the media than IREN. MarketBeat recorded 60 mentions for HIVE Digital Technologies and 22 mentions for IREN. HIVE Digital Technologies' average media sentiment score of 0.57 beat IREN's score of 0.49 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
8 Very Positive mention(s)
1 Positive mention(s)
11 Neutral mention(s)
2 Negative mention(s)
0 Very Negative mention(s)
Neutral
HIVE Digital Technologies
15 Very Positive mention(s)
5 Positive mention(s)
20 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive

Summary

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

How does IREN compare to Hut 8?

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

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

IREN currently has a consensus target price of $83.00, indicating a potential upside of 98.19%. Hut 8 has a consensus target price of $144.89, indicating a potential upside of 79.19%. Given IREN's higher probable upside, research analysts clearly believe IREN is more favorable than Hut 8.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
IREN
2 Sell rating(s)
4 Hold rating(s)
14 Buy rating(s)
1 Strong Buy rating(s)
2.67
Hut 8
1 Sell rating(s)
0 Hold rating(s)
17 Buy rating(s)
2 Strong Buy rating(s)
3.00

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
IREN$501.02M29.87$86.94M$0.4887.25
Hut 8$235.12M42.39-$226.15M-$5.45N/A

In the previous week, IREN had 1 more articles in the media than Hut 8. MarketBeat recorded 22 mentions for IREN and 21 mentions for Hut 8. Hut 8's average media sentiment score of 0.96 beat IREN's score of 0.49 indicating that Hut 8 is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
IREN
8 Very Positive mention(s)
1 Positive mention(s)
11 Neutral mention(s)
2 Negative mention(s)
0 Very Negative mention(s)
Neutral
Hut 8
10 Very Positive mention(s)
4 Positive mention(s)
6 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

IREN has a net margin of 20.90% compared to Hut 8's net margin of -188.59%. Hut 8's return on equity of -0.97% beat IREN's return on equity.

Company Net Margins Return on Equity Return on Assets
IREN20.90% -13.13% -6.03%
Hut 8 -188.59%-0.97%-0.36%

IREN has a beta of 4.29, indicating that its stock price is 329% more volatile than the broader market. Comparatively, Hut 8 has a beta of 4.64, indicating that its stock price is 364% more volatile than the broader market.

Summary

Hut 8 beats IREN on 9 of the 17 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

MetricIRENSoftware IndustryTechnology SectorNASDAQ Exchange
Market Cap$14.97B$15.67B$29.55B$12.85B
Dividend YieldN/A3.42%2.75%11.08%
P/E Ratio87.25127.2673.3524.25
Price / Sales29.871,303.80598.97101.53
Price / Cash57.4248.1350.3553.99
Price / Book5.957.509.446.20
Net Income$86.94M$434.60M$679.74M$348.59M
7 Day Performance-4.95%1.62%-1.29%0.08%
1 Month Performance3.20%7.50%4.03%3.88%
1 Year Performance95.43%5.00%189.70%16.98%

IREN Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
IREN
IREN
3.1083 of 5 stars
$41.88
-1.7%
$83.00
+98.2%
+95.4%$14.97B$501.02M87.25100
BTBT
Bit Digital
2.5586 of 5 stars
$1.51
-5.9%
$5.13
+240.5%
-46.9%$546.36M$122.84MN/A10
CIFR
Cipher Mining
3.3947 of 5 stars
$17.31
-6.5%
$28.61
+65.3%
+147.2%$7.22B$223.94MN/A10
CLSK
Cleanspark
3.7331 of 5 stars
$11.87
-4.3%
$23.88
+101.2%
+22.0%$3.06B$679.25MN/A130
HIVE
HIVE Digital Technologies
3.3139 of 5 stars
$2.92
-5.0%
$6.95
+138.6%
+20.2%$785.47M$297.79MN/A20

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This page (NASDAQ:IREN) was last updated on 8/23/2026 by MarketBeat.com Staff.
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