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CLSK vs IREN
Which Stock Would AI Choose? CleanSpark (CLSK) vs. Iris Energy (IREN) Stock Comparison
Key Takeaways
- CleanSpark (CLSK) reported a significant net loss in its fiscal Q3 2026 results amid revenue declines, while Iris Energy (IREN) advances AI infrastructure contracts including a major Microsoft deal.
- CLSK maintains a primary focus on Bitcoin mining with supplementary data center leasing, whereas IREN is expanding its AI cloud capabilities through acquisitions and high-value customer agreements.
- Recent market activity shows CLSK trading near $12 with year-to-date returns around 18%, compared to IREN near $42 with a substantially larger market capitalization.
- Both companies operate in the Bitcoin mining sector but face distinct pressures: CLSK from earnings shortfalls and IREN from positioning ahead of its fiscal year-end results.
- Market sentiment reflects volatility in crypto-related equities, with IREN benefiting from AI sector momentum and CLSK navigating operational lease developments.
- Relative performance highlights trade-offs between CLSK’s established mining scale and IREN’s diversification into AI-driven revenue streams.
Introduction
CleanSpark (CLSK) and Iris Energy (IREN) represent two publicly traded companies in the Bitcoin mining space that are increasingly intersecting with data center and artificial intelligence infrastructure trends. This comparison examines their business models, recent financial results, and stock behavior to provide context for investors evaluating exposure to cryptocurrency mining and emerging AI opportunities. Traders and portfolio managers focused on sector rotation, volatility patterns, or thematic growth in digital assets and computing may find the analysis relevant for assessing relative positioning in the current environment.
CLSK Overview and Recent Performance
CleanSpark (CLSK) operates as a Bitcoin mining company with additional activities in data center development and leasing. In recent weeks, the stock has experienced downward pressure following its fiscal third-quarter 2026 earnings release, which showed revenues of $138.0 million—a 30.5% year-over-year decline—and a net loss of $239.8 million. The company highlighted a 20-year triple-net lease agreement at its Sandersville facility. Year-to-date returns stand near 18%, with the shares trading around $12 amid broader crypto market fluctuations and investor focus on mining economics and new revenue streams.
IREN Overview and Recent Performance
Iris Energy (IREN) engages in Bitcoin mining while actively building AI cloud infrastructure. Recent developments include delivery of its Horizon 1 system to Microsoft, achievement of NVIDIA Exemplar Cloud status, completion of the Mirantis acquisition, and announcement of $2.8 billion in new customer contracts. The stock has traded near $42 with a market capitalization significantly larger than peers, reflecting volatility ahead of its fiscal 2026 results scheduled for August 27. Performance in recent market activity has been influenced by AI sector sentiment and contract milestones.
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Head-to-Head Comparison
CleanSpark (CLSK) centers its operations on Bitcoin mining scale supplemented by data center leases, while Iris Energy (IREN) combines mining with accelerated expansion into AI cloud services through strategic acquisitions and enterprise contracts. Growth drivers differ accordingly: CLSK emphasizes operational mining output and lease monetization, whereas IREN targets high-value AI infrastructure demand. Recent momentum favors IREN due to visible contract progress and sector tailwinds, contrasted with CLSK’s reported quarterly loss and revenue contraction. Risk factors include commodity price exposure for both, with IREN carrying additional execution risk tied to AI partnerships and CLSK facing margin pressures from mining costs. Sector exposure overlaps in cryptocurrency but diverges in IREN’s heavier AI weighting. Market sentiment reflects these contrasts, with IREN drawing attention for diversification potential amid broader volatility in mining equities.
Tickeron AI Verdict
Based on observable factors such as trend consistency in recent contract announcements, relative stability in market positioning, and catalysts from AI infrastructure developments, Tickeron’s AI models would currently assign a higher probabilistic preference to Iris Energy (IREN) over CleanSpark (CLSK). This assessment draws from IREN’s larger scale, ongoing customer milestones, and positioning ahead of earnings, while acknowledging CLSK’s established operations and lease activity. The outlook remains probabilistic and subject to evolving market data.
Disclaimer
The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.
To compare these two companies we present long-term analysis, their fundamental ratings and make comparative short-term technical analysis which are presented below. The conclusion is CLSK is a StrongBuy and IREN is a StrongBuy.
| CLSK | IREN | CLSK / IREN | |
| Capitalization | 3.51B | 17.3B | 20% |
| EBITDA | -572.87M | -231.7M | 247% |
| Gain YTD | 35.079 | 16.044 | 219% |
| P/E Ratio | 7.38 | 51.42 | 14% |
| Revenue | 679M | 707M | 96% |
| Total Cash | 795M | 5.9B | 13% |
| Total Debt | 1.79B | 7.84B | 23% |
CLSK | ||
|---|---|---|
OUTLOOK RATING 1..100 | 22 | |
VALUATION overvalued / fair valued / undervalued 1..100 | 84 Overvalued | |
PROFIT vs RISK RATING 1..100 | 100 | |
SMR RATING 1..100 | 98 | |
PRICE GROWTH RATING 1..100 | 45 | |
P/E GROWTH RATING 1..100 | 84 | |
SEASONALITY SCORE 1..100 | 85 |
Tickeron ratings are formulated such that a rating of 1 designates the most successful stocks in a given industry, while a rating of 100 points to the least successful stocks for that industry.
| CLSK | IREN | |
|---|---|---|
| RSI ODDS (%) | N/A | N/A |
| Stochastic ODDS (%) | 2 days ago 86% | 2 days ago 84% |
| Momentum ODDS (%) | 2 days ago 81% | 2 days ago 81% |
| MACD ODDS (%) | 2 days ago 90% | 2 days ago 83% |
| TrendWeek ODDS (%) | 2 days ago 87% | 2 days ago 89% |
| TrendMonth ODDS (%) | 2 days ago 88% | 2 days ago 90% |
| Advances ODDS (%) | 5 days ago 88% | 5 days ago 90% |
| Declines ODDS (%) | 3 days ago 88% | 3 days ago 89% |
| BollingerBands ODDS (%) | N/A | 2 days ago 87% |
| Aroon ODDS (%) | 2 days ago 90% | 4 days ago 87% |
Long-Term Analysis
It is best to consider a long-term outlook for a ticker by using Fundamental Analysis (FA) ratings. The rating of 1 to 100, where 1 is best and 100 is worst, is divided into thirds. The first third (a green rating of 1-33) indicates that the ticker is undervalued; the second third (a grey number between 34 and 66) means that the ticker is valued fairly; and the last third (red number of 67 to 100) reflects that the ticker is overvalued. We use an FA Score to show how many ratings show the ticker to be undervalued (green) or overvalued (red).
CLSK’s FA Score shows that 0 FA rating(s) are green while IREN’s FA Score has 0 green FA rating(s).
- CLSK’s FA Score: 0 green, 5 red.
- IREN’s FA Score: 0 green, 5 red.
Short-Term Analysis
It is best to consider a short-term outlook for a ticker by using Technical Analysis (TA) indicators. We use Odds of Success as the percentage of outcomes which confirm successful trade signals in the past.
If the Odds of Success (the likelihood of the continuation of a trend) for each indicator are greater than 50%, then the generated signal is confirmed. A green percentage from 90% to 51% indicates that the ticker is in a bullish trend. A red percentage from 90% - 51% indicates that the ticker is in a bearish trend. All grey percentages are below 50% and are considered not to confirm the trend signal.
CLSK’s TA Score shows that 4 TA indicator(s) are bullish while IREN’s TA Score has 5 bullish TA indicator(s).
- CLSK’s TA Score: 4 bullish, 3 bearish.
- IREN’s TA Score: 5 bullish, 5 bearish.
Price Growth
CLSK (@Investment Banks/Brokers) experienced а +7.72% price change this week, while IREN (@Investment Banks/Brokers) price change was -1.90% for the same time period.
The average weekly price growth across all stocks in the @Investment Banks/Brokers industry was -3.95%. For the same industry, the average monthly price growth was +8.81%, and the average quarterly price growth was +2.71%.
Reported Earning Dates
CLSK is expected to report earnings on Dec 16, 2026.
IREN is expected to report earnings on Sep 16, 2026.
Industries' Descriptions
@Investment Banks/Brokers (-3.95% weekly)These banks specialize in underwriting (helping companies with debt financing or equity issuances), IPOs, facilitating mergers and other corporate reorganizations and acting as a broker or financial advisor for institutions. They might also trade securities on their own accounts. Investment banks potentially thrive on expanding its network of clients, since that could help them increase profits. Goldman Sachs, Morgan Stanley and CME Group Inc are some of the largest investment banking companies.
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IREN and
Correlation & Price change
A.I.dvisor indicates that over the last year, IREN has been closely correlated with CIFR. These tickers have moved in lockstep 80% of the time. This A.I.-generated data suggests there is a high statistical probability that if IREN jumps, then CIFR could also see price increases.
| Ticker / NAME | Correlation To IREN | 1D Price Change % | ||
|---|---|---|---|---|
| IREN | 100% | +0.44% | ||
| CIFR - IREN | 80% Closely correlated | +5.71% | ||
| HUT - IREN | 72% Closely correlated | +8.83% | ||
| WULF - IREN | 71% Closely correlated | +3.72% | ||
| RIOT - IREN | 70% Closely correlated | +2.48% | ||
| CLSK - IREN | 70% Closely correlated | +6.80% | ||
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