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CLSK vs IREN
Which Stock Would AI Choose? CleanSpark (CLSK) vs. IREN (IREN) Stock Comparison
Key Takeaways
- CLSK trades around $13.89 with a market cap of $3.4B, focusing on sustainable Bitcoin mining and emerging AI data center conversions.
- IREN commands a higher $16.4B market cap at $54.74, driven by aggressive AI infrastructure expansions including the $625M Mirantis acquisition and new data centers.
- Both stocks show strong YTD gains—CLSK at 32.51% and IREN around 31-36%—tied to Bitcoin mining profitability and AI diversification.
- IREN exhibits higher recent momentum with 10%+ daily surges on AI news, while CLSK faces earnings volatility but advances multi-gigawatt AI platforms.
- Relative performance highlights IREN's superior scale and AI catalysts versus CLSK's cost-efficient, low-carbon focus.
- Market sentiment favors AI pivots, positioning both for growth amid sector rotation.
Introduction
This stock comparison examines CLSK (CleanSpark, Inc.) and IREN (IREN Limited, formerly Iris Energy), two prominent players in Bitcoin mining transitioning toward AI and high-performance computing (HPC) infrastructure. Both companies leverage renewable energy-powered data centers, benefiting from Bitcoin's price strength and surging demand for AI compute resources. Traders seeking exposure to cryptocurrency volatility paired with AI growth potential, as well as long-term investors eyeing sector leaders in digital assets and data centers, will find this analysis relevant for evaluating relative performance, growth drivers, and market positioning in the current environment.
CLSK Overview and Recent Performance
CleanSpark, Inc. (CLSK) is a U.S.-based Bitcoin mining company that owns and operates data centers powered by low-carbon energy sources. In recent market activity, the stock has traded around $13-14, within a 52-week range of $7.91 to $23.61, reflecting volatility tied to Bitcoin prices and operational expansions. Year-to-date returns stand at approximately 32.51%, supported by strong revenue growth to $785M annually, though Q1 FY2026 earnings showed a net loss amid investments. Key developments include rebuilding a 250 MW data center for AI/HPC applications, hyperscaler discussions, and multi-gigawatt AI infrastructure advancements. Sentiment has been influenced by Texas expansions, Bitcoin mining efficiency, and a pivot toward AI, with analysts like Needham raising price targets despite profitability challenges.
IREN Overview and Recent Performance
IREN Limited (IREN), formerly Iris Energy, operates vertically integrated data centers in Australia and North America, powered by 100% renewable energy for Bitcoin mining and AI cloud services. The stock recently closed near $54.74, with a 52-week range highlighting significant upside from lows around $6, and a market cap of $16.4B. Year-to-date performance approximates 31-36%, bolstered by annual revenue of $757M and positive net income. Recent weeks have seen sharp gains, including 10.61% on AI news, driven by the $625M acquisition of Mirantis to enhance AI cloud capabilities, energization of the Sweetwater 1 site in Texas, and expansions targeting $3.4B in annual recurring revenue (ARR) by year-end. These catalysts have boosted sentiment, underscoring IREN's aggressive shift from mining to AI infrastructure.
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Head-to-Head Comparison
CLSK and IREN share Bitcoin mining roots with sustainable power, but diverge in scale and strategy. IREN's larger market cap ($16.4B vs. $3.4B) and enterprise value reflect superior growth drivers, including massive AI acquisitions and data center hubs like Sweetwater, targeting hyperscalers. CLSK emphasizes cost-efficient, U.S.-centric operations with lower debt and a trailing P/E of 7.38 versus IREN's 34.36, appealing to value-oriented exposure. Recent momentum favors IREN amid AI hype, while CLSK offers stability via Bitcoin treasury focus. Risks include Bitcoin halvings for both, but IREN faces execution hurdles in AI scaling; sector exposure ties to crypto-AI convergence, with sentiment lifted by renewable energy mandates.
Tickeron AI Verdict
Tickeron’s AI analysis leans toward IREN in the current environment, based on stronger trend consistency from AI catalysts like the Mirantis deal and data center energizations, alongside higher relative positioning with 30%+ YTD gains and superior scale. CLSK shows promise in AI pivots and lower valuations, but recent earnings misses temper momentum. Observable factors suggest IREN holds probabilistic edge for near-term outperformance amid AI infrastructure demand.
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 Disclaimers and Limitations.
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.
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 undervalued. 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 whileIREN’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 7 bullish TA indicator(s).
- CLSK’s TA Score: 4 bullish, 5 bearish.
- IREN’s TA Score: 7 bullish, 4 bearish.
Price Growth
CLSK (@Investment Banks/Brokers) experienced а -7.68% price change this week, while IREN (@Investment Banks/Brokers) price change was -13.50% for the same time period.
The average weekly price growth across all stocks in the @Investment Banks/Brokers industry was -0.06%. For the same industry, the average monthly price growth was +2.60%, and the average quarterly price growth was -1.06%.
Reported Earning Dates
CLSK is expected to report earnings on Aug 11, 2026.
IREN is expected to report earnings on Sep 16, 2026.
Industries' Descriptions
@Investment Banks/Brokers (-0.06% 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.
| CLSK | IREN | CLSK / IREN | |
| Capitalization | 3.37B | 18.9B | 18% |
| EBITDA | -69.3M | 725M | -10% |
| Gain YTD | 29.545 | 40.164 | 74% |
| P/E Ratio | 7.38 | 68.74 | 11% |
| Revenue | 740M | 757M | 98% |
| Total Cash | 935M | 3.26B | 29% |
| Total Debt | 1.79B | 3.84B | 47% |
CLSK | ||
|---|---|---|
OUTLOOK RATING 1..100 | 35 | |
VALUATION overvalued / fair valued / undervalued 1..100 | 69 Overvalued | |
PROFIT vs RISK RATING 1..100 | 100 | |
SMR RATING 1..100 | 97 | |
PRICE GROWTH RATING 1..100 | 40 | |
P/E GROWTH RATING 1..100 | 84 | |
SEASONALITY SCORE 1..100 | 50 |
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 (%) | 3 days ago 90% | 3 days ago 74% |
| Stochastic ODDS (%) | 3 days ago 90% | 3 days ago 87% |
| Momentum ODDS (%) | N/A | 3 days ago 90% |
| MACD ODDS (%) | 3 days ago 87% | 3 days ago 90% |
| TrendWeek ODDS (%) | 3 days ago 89% | 3 days ago 90% |
| TrendMonth ODDS (%) | 3 days ago 87% | 3 days ago 90% |
| Advances ODDS (%) | 7 days ago 87% | 12 days ago 90% |
| Declines ODDS (%) | 5 days ago 88% | 19 days ago 89% |
| BollingerBands ODDS (%) | 3 days ago 84% | 3 days ago 80% |
| Aroon ODDS (%) | 3 days ago 87% | 3 days ago 90% |
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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% | -9.35% | ||
| CIFR - IREN | 80% Closely correlated | -8.79% | ||
| HUT - IREN | 67% Closely correlated | -6.31% | ||
| COIN - IREN | 67% Closely correlated | -7.82% | ||
| RIOT - IREN | 65% Loosely correlated | -4.59% | ||
| CLSK - IREN | 64% Loosely correlated | -6.22% | ||
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