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IREN (IREN) Competitors

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$42.03 +1.38 (+3.38%)
As of 12:07 PM Eastern
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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 superior business? We will compare the two businesses based on the strength of their institutional ownership, profitability, dividends, valuation, analyst recommendations, media sentiment, risk and earnings.

IREN has a net margin of -99.38% 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 -99.38%-15.46%-5.51%

47.7% of Bit Digital shares are held by institutional investors. Comparatively, 41.1% of IREN shares are held by institutional investors. 2.0% 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, large money managers and hedge funds believe a stock is poised for long-term growth.

In the previous week, IREN had 28 more articles in the media than Bit Digital. MarketBeat recorded 37 mentions for IREN and 9 mentions for Bit Digital. Bit Digital's average media sentiment score of 0.35 beat IREN's score of 0.14 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
3 Very Positive mention(s)
1 Positive mention(s)
5 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral
IREN
9 Very Positive mention(s)
6 Positive mention(s)
14 Neutral mention(s)
6 Negative mention(s)
1 Very Negative mention(s)
Neutral

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

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Bit Digital$113.56M5.22-$80.32M-$1.06N/A
IREN$707.01M23.29-$702.62M-$2.34N/A

Bit Digital currently has a consensus target price of $4.38, suggesting a potential upside of 165.96%. IREN has a consensus target price of $81.13, suggesting a potential upside of 94.16%. Given Bit Digital's higher possible upside, equities research analysts clearly 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)
4 Buy rating(s)
1 Strong Buy rating(s)
2.71
IREN
1 Sell rating(s)
4 Hold rating(s)
16 Buy rating(s)
1 Strong Buy rating(s)
2.77

Bit Digital has a beta of 3.83, suggesting that its stock price is 283% more volatile than the broader market. Comparatively, IREN has a beta of 4.26, suggesting that its stock price is 326% more volatile than the broader market.

Summary

IREN beats Bit Digital on 9 of the 16 factors compared between the two stocks.

How does IREN compare to Cipher Mining?

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

Cipher Mining presently has a consensus price target of $28.86, suggesting a potential upside of 84.04%. IREN has a consensus price target of $81.13, suggesting a potential upside of 94.16%. Given IREN's higher possible upside, analysts plainly believe IREN is more favorable than Cipher Mining.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Cipher Mining
1 Sell rating(s)
3 Hold rating(s)
16 Buy rating(s)
1 Strong Buy rating(s)
2.81
IREN
1 Sell rating(s)
4 Hold rating(s)
16 Buy rating(s)
1 Strong Buy rating(s)
2.77

IREN has a net margin of -99.38% compared to Cipher Mining's net margin of -585.75%. IREN's return on equity of -15.46% beat Cipher Mining's return on equity.

Company Net Margins Return on Equity Return on Assets
Cipher Mining-585.75% -156.28% -21.29%
IREN -99.38%-15.46%-5.51%

In the previous week, IREN had 31 more articles in the media than Cipher Mining. MarketBeat recorded 37 mentions for IREN and 6 mentions for Cipher Mining. Cipher Mining's average media sentiment score of 0.25 beat IREN's score of 0.14 indicating that Cipher Mining is being referred to more favorably in the media.

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

12.3% of Cipher Mining shares are held by institutional investors. Comparatively, 41.1% of IREN shares are held by institutional investors. 3.1% of Cipher Mining shares are held by insiders. Comparatively, 5.0% of IREN shares are held by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.

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

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Cipher Mining$223.94M29.06-$822.24M-$2.86N/A
IREN$707.01M23.29-$702.62M-$2.34N/A

Cipher Mining has a beta of 3.19, suggesting that its share price is 219% more volatile than the broader market. Comparatively, IREN has a beta of 4.26, suggesting that its share price is 326% more volatile than the broader market.

Summary

IREN beats Cipher Mining on 11 of the 15 factors compared between the two stocks.

How does IREN compare to Cleanspark?

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

IREN currently has a consensus target price of $81.13, suggesting a potential upside of 94.16%. Cleanspark has a consensus target price of $23.88, suggesting a potential upside of 89.07%. Given IREN's higher probable upside, research 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)
4 Hold rating(s)
16 Buy rating(s)
1 Strong Buy rating(s)
2.77
Cleanspark
1 Sell rating(s)
1 Hold rating(s)
13 Buy rating(s)
1 Strong Buy rating(s)
2.88

IREN has a net margin of -99.38% compared to Cleanspark's net margin of -146.90%. IREN's return on equity of -15.46% beat Cleanspark's return on equity.

Company Net Margins Return on Equity Return on Assets
IREN-99.38% -15.46% -5.51%
Cleanspark -146.90%-18.63%-8.15%

In the previous week, IREN had 28 more articles in the media than Cleanspark. MarketBeat recorded 37 mentions for IREN and 9 mentions for Cleanspark. Cleanspark's average media sentiment score of 0.40 beat IREN's score of 0.14 indicating that Cleanspark is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
IREN
9 Very Positive mention(s)
6 Positive mention(s)
14 Neutral mention(s)
6 Negative mention(s)
1 Very Negative mention(s)
Neutral
Cleanspark
2 Very Positive mention(s)
2 Positive mention(s)
4 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

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

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
IREN$707.01M23.29-$702.62M-$2.34N/A
Cleanspark$766.31M4.23$364.46M-$3.77N/A

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 company insiders. Comparatively, 2.1% of Cleanspark shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.

IREN has a beta of 4.26, suggesting that its share price is 326% more volatile than the broader market. Comparatively, Cleanspark has a beta of 3.84, suggesting that its share price is 284% more volatile than the broader market.

Summary

IREN beats Cleanspark on 10 of the 16 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 technology companies, but which is the better business? We will compare the two companies based on the strength of their media sentiment, profitability, analyst recommendations, dividends, earnings, risk, valuation and institutional ownership.

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

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
HIVE Digital Technologies$297.79M2.74-$148.45M-$1.29N/A
IREN$707.01M23.29-$702.62M-$2.34N/A

HIVE Digital Technologies has a beta of 3.76, indicating that its share price is 276% more volatile than the broader market. Comparatively, IREN has a beta of 4.26, indicating that its share price is 326% more volatile than the broader market.

24.4% of HIVE Digital Technologies shares are held by institutional investors. Comparatively, 41.1% of IREN shares are held by institutional investors. 9.4% of HIVE Digital Technologies shares are held by insiders. Comparatively, 5.0% of IREN shares are held by 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 35 more articles in the media than HIVE Digital Technologies. MarketBeat recorded 37 mentions for IREN and 2 mentions for HIVE Digital Technologies. IREN's average media sentiment score of 0.14 beat HIVE Digital Technologies' score of -0.02 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
0 Very Positive mention(s)
1 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral
IREN
9 Very Positive mention(s)
6 Positive mention(s)
14 Neutral mention(s)
6 Negative mention(s)
1 Very Negative mention(s)
Neutral

HIVE Digital Technologies presently has a consensus target price of $6.95, suggesting a potential upside of 134.32%. IREN has a consensus target price of $81.13, suggesting a potential upside of 94.16%. Given HIVE Digital Technologies' higher probable upside, research analysts clearly believe HIVE Digital Technologies is more favorable than IREN.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
HIVE Digital Technologies
1 Sell rating(s)
1 Hold rating(s)
6 Buy rating(s)
0 Strong Buy rating(s)
2.63
IREN
1 Sell rating(s)
4 Hold rating(s)
16 Buy rating(s)
1 Strong Buy rating(s)
2.77

HIVE Digital Technologies has a net margin of -98.49% compared to IREN's net margin of -99.38%. IREN's return on equity of -15.46% beat HIVE Digital Technologies' return on equity.

Company Net Margins Return on Equity Return on Assets
HIVE Digital Technologies-98.49% -31.98% -23.71%
IREN -99.38%-15.46%-5.51%

Summary

IREN beats HIVE Digital Technologies on 11 of the 17 factors compared between the two stocks.

How does IREN compare to Hut 8?

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

IREN has a net margin of -99.38% 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
IREN-99.38% -15.46% -5.51%
Hut 8 -188.59%-0.97%-0.36%

IREN has a beta of 4.26, indicating that its stock price is 326% more volatile than the broader market. Comparatively, Hut 8 has a beta of 4.62, indicating that its stock price is 362% more volatile than the broader market.

IREN currently has a consensus target price of $81.13, suggesting a potential upside of 94.16%. Hut 8 has a consensus target price of $143.95, suggesting a potential upside of 61.25%. Given IREN's higher probable upside, equities research analysts clearly believe IREN is more favorable than Hut 8.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
IREN
1 Sell rating(s)
4 Hold rating(s)
16 Buy rating(s)
1 Strong Buy rating(s)
2.77
Hut 8
1 Sell rating(s)
1 Hold rating(s)
19 Buy rating(s)
3 Strong Buy rating(s)
3.00

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

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
IREN$707.01M23.29-$702.62M-$2.34N/A
Hut 8$235.12M46.80-$226.15M-$5.45N/A

41.1% of IREN shares are held by institutional investors. Comparatively, 31.8% of Hut 8 shares are held by institutional investors. 5.0% of IREN shares are held by insiders. Comparatively, 10.4% of Hut 8 shares are held by 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.

In the previous week, IREN had 25 more articles in the media than Hut 8. MarketBeat recorded 37 mentions for IREN and 12 mentions for Hut 8. Hut 8's average media sentiment score of 0.45 beat IREN's score of 0.14 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
9 Very Positive mention(s)
6 Positive mention(s)
14 Neutral mention(s)
6 Negative mention(s)
1 Very Negative mention(s)
Neutral
Hut 8
3 Very Positive mention(s)
2 Positive mention(s)
6 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

Summary

Hut 8 beats IREN on 11 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$16.46B$16.12B$31.71B$13.27B
Dividend YieldN/A3.43%2.75%15.88%
P/E Ratio-17.85144.0481.3826.15
Price / Sales23.291,275.42588.5193.06
Price / CashN/A45.1349.1351.25
Price / Book3.808.878.156.34
Net Income-$702.62M$431.57M$701.71M$361.18M
7 Day Performance-5.31%0.57%0.86%-1.17%
1 Month Performance5.52%-1.38%1.36%-3.40%
1 Year Performance-11.13%-0.15%168.97%3.28%

IREN Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
IREN
IREN
3.6846 of 5 stars
$42.03
+3.4%
$81.13
+93.1%
-13.7%$16.57B$707.01MN/A685
BTBT
Bit Digital
4.1369 of 5 stars
$1.85
+1.4%
$4.38
+137.1%
-50.6%$665.36M$113.56MN/A104
CIFR
Cipher Mining
2.8469 of 5 stars
$19.27
+1.9%
$28.97
+50.4%
+22.7%$8.07B$223.94MN/A10
CLSK
Cleanspark
2.7072 of 5 stars
$14.97
+1.4%
$23.88
+59.6%
-14.2%$3.85B$766.31MN/A314
HIVE
HIVE Digital Technologies
2.7099 of 5 stars
$3.54
+1.6%
$6.95
+96.5%
-29.8%$973.64M$297.79MN/A29

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This page (NASDAQ:IREN) was last updated on 10/2/2026 by MarketBeat.com Staff.
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