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IREN (IREN) Competitors

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$65.45 -1.15 (-1.72%)
As of 02:21 PM Eastern
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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 compare the two businesses based on the strength of their dividends, earnings, valuation, media sentiment, analyst recommendations, profitability, institutional ownership and risk.

In the previous week, IREN had 22 more articles in the media than Bit Digital. MarketBeat recorded 30 mentions for IREN and 8 mentions for Bit Digital. IREN's average media sentiment score of 0.48 beat Bit Digital's score of 0.41 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
1 Very Positive mention(s)
0 Positive mention(s)
5 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Neutral
IREN
12 Very Positive mention(s)
2 Positive mention(s)
12 Neutral mention(s)
1 Negative mention(s)
2 Very Negative mention(s)
Neutral

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 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$113.56M5.86-$80.32M-$0.68N/A
IREN$757.07M31.00$86.94M$0.48136.80

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%

Bit Digital presently has a consensus price target of $5.67, suggesting a potential upside of 197.46%. IREN has a consensus price target of $80.38, suggesting a potential upside of 22.42%. Given Bit Digital's higher possible upside, 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
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)
13 Buy rating(s)
0 Strong Buy rating(s)
2.63

47.7% of Bit Digital shares are owned by institutional investors. Comparatively, 41.1% of IREN shares are owned by institutional investors. 1.8% 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 hedge funds, endowments and large money managers believe a stock is poised for long-term growth.

Summary

IREN beats Bit Digital on 13 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 contrast the two businesses based on the strength of their profitability, analyst recommendations, earnings, institutional ownership, dividends, valuation, risk and media sentiment.

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

IREN presently has a consensus target price of $80.38, suggesting a potential upside of 22.42%. Cipher Mining has a consensus target price of $27.73, suggesting a potential upside of 6.29%. Given IREN's higher possible 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)
13 Buy rating(s)
0 Strong Buy rating(s)
2.63
Cipher Mining
1 Sell rating(s)
2 Hold rating(s)
15 Buy rating(s)
0 Strong Buy rating(s)
2.78

In the previous week, IREN had 21 more articles in the media than Cipher Mining. MarketBeat recorded 30 mentions for IREN and 9 mentions for Cipher Mining. Cipher Mining's average media sentiment score of 1.00 beat IREN's score of 0.48 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
12 Very Positive mention(s)
2 Positive mention(s)
12 Neutral mention(s)
1 Negative mention(s)
2 Very Negative mention(s)
Neutral
Cipher Mining
2 Very Positive mention(s)
1 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$757.07M31.00$86.94M$0.48136.80
Cipher Mining$209.82M50.87-$822.24M-$2.33N/A

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 hedge funds, endowments and large money managers believe a company is poised for long-term growth.

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%

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 better business? We will contrast the two businesses based on the strength of their profitability, media sentiment, valuation, risk, earnings, dividends, analyst recommendations and institutional ownership.

IREN presently has a consensus price target of $80.38, suggesting a potential upside of 22.42%. Cleanspark has a consensus price target of $20.44, suggesting a potential upside of 16.14%. Given IREN's higher possible 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)
5 Hold rating(s)
13 Buy rating(s)
0 Strong Buy rating(s)
2.63
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.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
IREN$757.07M31.00$86.94M$0.48136.80
Cleanspark$766.31M5.89$364.46M-$2.10N/A

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%

In the previous week, IREN had 23 more articles in the media than Cleanspark. MarketBeat recorded 30 mentions for IREN and 7 mentions for Cleanspark. IREN's average media sentiment score of 0.48 beat Cleanspark's score of 0.13 indicating that IREN is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
IREN
12 Very Positive mention(s)
2 Positive mention(s)
12 Neutral mention(s)
1 Negative mention(s)
2 Very Negative mention(s)
Neutral
Cleanspark
1 Very Positive mention(s)
1 Positive mention(s)
1 Neutral mention(s)
2 Negative mention(s)
1 Very Negative mention(s)
Neutral

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, large money managers and endowments believe a stock is poised for long-term growth.

Summary

IREN beats Cleanspark on 10 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 better stock? We will compare the two businesses based on the strength of their risk, dividends, institutional ownership, earnings, valuation, media sentiment, profitability and analyst recommendations.

In the previous week, IREN had 16 more articles in the media than HIVE Digital Technologies. MarketBeat recorded 30 mentions for IREN and 14 mentions for HIVE Digital Technologies. HIVE Digital Technologies' average media sentiment score of 0.71 beat IREN's score of 0.48 indicating that HIVE Digital Technologies is being referred to more favorably in the media.

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

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
HIVE Digital Technologies-47.89% -19.81% -17.54%
IREN 20.90%-13.13%-6.03%

HIVE Digital Technologies has a beta of 3.74, suggesting that its stock price is 274% 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.

24.4% of HIVE Digital Technologies shares are held by institutional investors. Comparatively, 41.1% of IREN shares are held by institutional investors. 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 company is poised for long-term growth.

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$257.14M4.57-$3M-$0.60N/A
IREN$757.07M31.00$86.94M$0.48136.80

HIVE Digital Technologies presently has a consensus price target of $6.31, suggesting a potential upside of 41.96%. IREN has a consensus price target of $80.38, suggesting a potential upside of 22.42%. Given HIVE Digital Technologies' higher possible upside, research analysts plainly 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)
2 Hold rating(s)
6 Buy rating(s)
0 Strong Buy rating(s)
2.56
IREN
1 Sell rating(s)
5 Hold rating(s)
13 Buy rating(s)
0 Strong Buy rating(s)
2.63

Summary

IREN beats HIVE Digital Technologies on 14 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 large-cap finance companies, but which is the better stock? We will compare the two businesses based on the strength of their institutional ownership, analyst recommendations, profitability, earnings, media sentiment, valuation, risk and dividends.

In the previous week, IREN had 18 more articles in the media than Hut 8. MarketBeat recorded 30 mentions for IREN and 12 mentions for Hut 8. Hut 8's average media sentiment score of 0.75 beat IREN's score of 0.48 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
12 Very Positive mention(s)
2 Positive mention(s)
12 Neutral mention(s)
1 Negative mention(s)
2 Very Negative mention(s)
Neutral
Hut 8
5 Very Positive mention(s)
0 Positive mention(s)
3 Neutral mention(s)
2 Negative mention(s)
1 Very Negative mention(s)
Positive

IREN presently has a consensus price target of $80.38, suggesting a potential upside of 22.42%. Hut 8 has a consensus price target of $107.72, suggesting a potential downside of 17.28%. 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)
5 Hold rating(s)
13 Buy rating(s)
0 Strong Buy rating(s)
2.63
Hut 8
1 Sell rating(s)
0 Hold rating(s)
17 Buy rating(s)
0 Strong Buy rating(s)
2.89

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

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
IREN20.90% -13.13% -6.03%
Hut 8 -109.77%-0.35%-0.22%

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, hedge funds and large money managers believe a stock will outperform the market over the long term.

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$757.07M31.00$86.94M$0.48136.80
Hut 8$284.32M51.57-$226.15M-$3.00N/A

Summary

IREN and Hut 8 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$23.47B$19.88B$13.43B$12.43B
Dividend YieldN/A4.15%5.78%5.29%
P/E Ratio136.8047.2319.7324.23
Price / Sales31.0041.33139.14125.38
Price / Cash89.5725.9819.9357.88
Price / Book9.333.302.176.71
Net Income$86.94M-$1.31B$1.13B$337.09M
7 Day Performance-3.38%-2.10%-0.68%0.63%
1 Month Performance43.56%-2.42%-0.45%5.15%
1 Year Performance637.33%45.98%11.14%34.36%

IREN Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
IREN
IREN
3.3342 of 5 stars
$65.67
-1.4%
$80.38
+22.4%
+662.9%$23.47B$757.07M136.80100
BTBT
Bit Digital
3.2923 of 5 stars
$2.07
+3.8%
$5.67
+174.4%
-16.8%$721.08M$113.56MN/A10
CIFR
Cipher Mining
2.4126 of 5 stars
$23.78
+8.2%
$27.00
+13.5%
+708.9%$9.73B$223.94MN/A10
CLSK
Cleanspark
2.7855 of 5 stars
$16.95
+6.1%
$20.44
+20.6%
+104.2%$4.35B$766.31MN/A130
HIVE
HIVE Digital Technologies
2.6067 of 5 stars
$4.26
+4.7%
$6.34
+48.9%
+156.5%$1.13B$115.28MN/A20

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This page (NASDAQ:IREN) was last updated on 6/3/2026 by MarketBeat.com Staff.
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