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CLSK vs IREN
Which Stock Would AI Choose? CleanSpark (CLSK) vs. IREN Limited (IREN) Stock Comparison
Key Takeaways
- CLSK (CleanSpark) is a Bitcoin miner transitioning toward AI and high-performance computing (HPC) data center development, anchored by a long-term Georgia lease with a large-cap technology tenant.
- IREN (IREN Limited) is a vertically integrated AI cloud ("neocloud") platform with roughly 5 gigawatts (GW) of grid-connected power and a larger market capitalization than CLSK.
- Both stocks have sold off in recent weeks amid broader weakness in AI infrastructure and crypto-linked equities, though IREN trades with a larger analyst price-target premium.
- Relative performance diverges by strategy: CLSK is more exposed to Bitcoin prices, while IREN is more exposed to AI compute demand and funding conditions.
- Investor sentiment for both names is volatile, with elevated beta and heavy short interest contributing to sharp single-session swings.
- For more detail on each company, visit the CLSK Major News and CLSK Today's Price Move pages, or the IREN Major News and IREN Today's Price Move pages.
- To see how algorithmic systems are positioning across these and other names, explore the curated Trending AI Robots section.
Introduction
This stock comparison examines two companies operating at the intersection of energy, digital infrastructure, and artificial intelligence, though they approach the opportunity from different starting points. CLSK, or CleanSpark, is a Bitcoin miner expanding into AI-focused data centers, while IREN, or IREN Limited, is building a vertically integrated AI cloud platform. For traders and investors evaluating relative performance, market positioning, and growth catalysts in the digital-asset and AI-infrastructure sectors, understanding how these two business models differ is essential, especially during a period of elevated volatility in both groups.
CLSK Overview and Recent Performance
CleanSpark operates Bitcoin mining data centers across the United States and is pivoting toward AI and HPC (high-performance computing) hosting. In recent weeks, the company completed a $2.276 billion senior secured notes offering, which it said fully funds its Sandersville, Georgia data center project tied to a 20-year lease with a Meta Platforms subsidiary expected to generate roughly $6.6 billion in contracted revenue over its initial term. The company also disclosed plans to transition from monthly to quarterly operational reporting as its data center buildout accelerates.
On the mining side, CleanSpark ended September 2026 with about 13,530 Bitcoin on its balance sheet and roughly 36 exahashes per second (EH/s) of average operating hashrate. Despite these operational milestones, the stock has faced selling pressure in recent weeks, weighed down by lower Bitcoin prices, wider GAAP (Generally Accepted Accounting Principles) net losses, and a broader pullback across AI-linked equities. Analysts maintain a generally constructive stance, with an average 12-month price target well above recent trading levels.
IREN Overview and Recent Performance
IREN Limited, formerly Iris Energy, describes itself as a vertically integrated AI cloud services platform. The company owns data center infrastructure including land, grid connections, and substations, as well as the GPU (graphics processing unit) compute and software layers used to serve AI workloads. It reports roughly 5 GW of grid-connected power across North America, Europe, and Asia-Pacific, with a portion contracted under multi-year AI cloud agreements.
In recent weeks, IREN announced the formation of IREN Europe and secured a civil works license for a planned 300-megawatt (MW) campus in Badajoz, Spain, targeting initial operations in 2028. The stock nevertheless pulled back sharply alongside peers, as concerns about higher borrowing costs and the funding of large-scale AI infrastructure weighed on the neocloud group. Short selling has been a visible factor in the sector, and IREN's upcoming quarterly results are a near-term focus for investors.
Trending AI Robots
Tickeron offers a broad marketplace of AI trading bots that trade thousands of different tickers using a wide range of styles, strategies, timeframes, performance metrics, and statistics. With hundreds of AI Trading Bots available, only a select group is featured in the curated Trending AI Robots section, where the most suitable systems for current market conditions are highlighted. These automated tools can help traders and investors monitor names like CLSK and IREN while applying systematic, rules-based approaches to changing market environments. To review the currently featured bots and their recent performance, visit the Trending AI Robots page.
Head-to-Head Comparison
The clearest contrast between these two stocks is their business-model focus. CleanSpark's revenue is still primarily tied to Bitcoin mining economics, making its market positioning more sensitive to cryptocurrency prices, mining difficulty, and halving cycles, even as it layers on HPC hosting. IREN, by contrast, is positioned more directly as an AI cloud provider, which ties its relative performance more closely to AI compute demand, GPU supply, and data center financing conditions.
Scale and valuation also differ. IREN carries a market capitalization several times larger than CleanSpark and reported trailing revenue growth in the double digits, while CleanSpark's recent quarterly revenue declined year over year as Bitcoin prices fell. On risk factors, both names exhibit high beta, meaning their shares tend to move more sharply than the broader market. CleanSpark's risk profile includes Bitcoin price volatility and the execution of its HPC transition, while IREN's includes heavy capital expenditures, funding requirements, and concentration in the competitive neocloud sector. Market sentiment has been challenging for both, but the drivers of that sentiment are not identical.
Tickeron AI Verdict
Based on observable factors such as trend consistency, business-model stability, and relative market positioning, Tickeron's AI would likely view IREN as having a more diversified, higher-growth revenue trajectory tied to contracted AI infrastructure, though with greater funding-related risk. CLSK, meanwhile, offers a more direct lever to a potential Bitcoin recovery and a concrete data center catalyst, but remains more sensitive to crypto pricing. The AI verdict would therefore be probabilistic rather than definitive, favoring the name whose trend signals and catalysts align more consistently with current conditions at any given time.
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 Hold and IREN is a Hold.
CLSK's RSI Indicator ascending out of oversold territory
The RSI Indicator for CLSK moved out of oversold territory on November 06, 2026. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 27 similar instances when the indicator left oversold territory. In 26 of the 27 cases the stock moved higher. This puts the odds of a move higher at 90%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 55 of 64 cases where CLSK's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 86%.
The Moving Average Convergence Divergence (MACD) for CLSK just turned positive on November 11, 2026. Looking at past instances where CLSK's MACD turned positive, the stock continued to rise in 34 of 41 cases over the following month. The odds of a continued upward trend are 83%.
Following a +21.65% 3-day Advance, the price is estimated to grow further. Considering data from situations where CLSK advanced for three days, in 226 of 260 cases, the price rose further within the following month. The odds of a continued upward trend are 87%.
CLSK may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The 10-day moving average for CLSK crossed bearishly below the 50-day moving average on October 08, 2026. This indicates that the trend has shifted lower and could be considered a sell signal. In 14 of 16 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 88%.
The 50-day moving average for CLSK moved below the 200-day moving average on October 13, 2026. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where CLSK declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 89%.
The Aroon Indicator for CLSK entered a downward trend on November 11, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron Seasonality Score of 47 (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Valuation Rating of 65 (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.078) is normal, around the industry mean (3.120). P/E Ratio (-1.630) is within average values for comparable stocks, (6.734). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (0.809). Dividend Yield (0.000) settles around the average of (8.976) among similar stocks. P/S Ratio (5.397) is also within normal values, averaging (16.899).
The Tickeron Price Growth Rating for this company is 89 (best 1 - 100 worst), indicating slightly worse than average price growth. CLSK’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is 98 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron SMR rating for this company is 98 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is 100 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. CLSK’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 88, placing this stock worse than average.
IREN in downward trend: 10-day moving average crossed below 50-day moving average on October 08, 2026
The 10-day moving average for IREN crossed bearishly below the 50-day moving average on October 08, 2026. This indicates that the trend has shifted lower and could be considered a sell signal. In 14 of 14 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 90%.
Technical Analysis (Indicators)
Bearish Trend Analysis
Following a 3-day decline, the stock is projected to fall further. Considering past instances where IREN declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 90%.
The Aroon Indicator for IREN entered a downward trend on November 11, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where IREN's RSI Oscillator exited the oversold zone, 31 of 37 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 84%.
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 60 of 66 cases where IREN's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 90%.
The Moving Average Convergence Divergence (MACD) for IREN just turned positive on November 11, 2026. Looking at past instances where IREN's MACD turned positive, the stock continued to rise in 41 of 49 cases over the following month. The odds of a continued upward trend are 84%.
Following a +13.41% 3-day Advance, the price is estimated to grow further. Considering data from situations where IREN advanced for three days, in 242 of 269 cases, the price rose further within the following month. The odds of a continued upward trend are 90%.
IREN may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
The Tickeron Price Growth Rating for this company is 93 (best 1 - 100 worst), indicating slightly worse than average price growth. IREN’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is 96 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of 97 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.037) is normal, around the industry mean (3.120). P/E Ratio (-9.748) is within average values for comparable stocks, (6.734). IREN's Projected Growth (PEG Ratio) (3.106) is very high in comparison to the industry average of (0.809). Dividend Yield (0.000) settles around the average of (8.976) among similar stocks. P/S Ratio (19.048) is also within normal values, averaging (16.899).
The Tickeron PE Growth Rating for this company is 98 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is 100 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. IREN’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 88, placing this stock worse than average.
CLSK | ||
|---|---|---|
OUTLOOK RATING 1..100 | 11 | |
VALUATION overvalued / fair valued / undervalued 1..100 | 65 Fair valued | |
PROFIT vs RISK RATING 1..100 | 100 | |
SMR RATING 1..100 | 98 | |
PRICE GROWTH RATING 1..100 | 89 | |
P/E GROWTH RATING 1..100 | 98 | |
SEASONALITY SCORE 1..100 | 47 |
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 (%) | 1 day ago 90% | 1 day ago 84% |
| Stochastic ODDS (%) | 1 day ago 86% | 1 day ago 90% |
| Momentum ODDS (%) | N/A | N/A |
| MACD ODDS (%) | 1 day ago 83% | 1 day ago 84% |
| TrendWeek ODDS (%) | 1 day ago 86% | 1 day ago 90% |
| TrendMonth ODDS (%) | 1 day ago 89% | 1 day ago 90% |
| Advances ODDS (%) | 3 days ago 87% | 15 days ago 90% |
| Declines ODDS (%) | 7 days ago 89% | 2 days ago 90% |
| BollingerBands ODDS (%) | 1 day ago 86% | 1 day ago 90% |
| Aroon ODDS (%) | 1 day ago 90% | 1 day ago 90% |
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 5 TA indicator(s) are bullish while IREN’s TA Score has 4 bullish TA indicator(s).
- CLSK’s TA Score: 5 bullish, 4 bearish.
- IREN’s TA Score: 4 bullish, 3 bearish.
Price Growth
CLSK (@Investment Banks/Brokers) experienced а +1.62% price change this week, while IREN (@Investment Banks/Brokers) price change was -19.34% for the same time period.
The average weekly price growth across all stocks in the @Investment Banks/Brokers industry was -3.54%. For the same industry, the average monthly price growth was -18.48%, and the average quarterly price growth was -23.12%.
Reported Earning Dates
CLSK is expected to report earnings on Nov 24, 2026.
IREN is expected to report earnings on Feb 17, 2027.
Industries' Descriptions
@Investment Banks/Brokers (-3.54% 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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CLSK and
Correlation & Price change
A.I.dvisor indicates that over the last year, CLSK has been closely correlated with MARA. These tickers have moved in lockstep 84% of the time. This A.I.-generated data suggests there is a high statistical probability that if CLSK jumps, then MARA could also see price increases.
| Ticker / NAME | Correlation To CLSK | 1D Price Change % | ||
|---|---|---|---|---|
| CLSK | 100% | +5.18% | ||
| MARA - CLSK | 84% Closely correlated | +4.36% | ||
| RIOT - CLSK | 80% Closely correlated | +1.11% | ||
| BTBT - CLSK | 80% Closely correlated | +8.77% | ||
| HUT - CLSK | 79% Closely correlated | +7.56% | ||
| WULF - CLSK | 78% Closely correlated | +6.37% | ||
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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% | +5.63% | ||
| CIFR - IREN | 80% Closely correlated | +8.88% | ||
| WULF - IREN | 76% Closely correlated | +6.37% | ||
| HUT - IREN | 76% Closely correlated | +7.56% | ||
| CLSK - IREN | 76% Closely correlated | +5.18% | ||
| RIOT - IREN | 72% Closely correlated | +1.11% | ||
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