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HIVE vs IREN
Which Stock Would AI Choose? HIVE Digital Technologies (HIVE) vs. IREN Limited (IREN) Stock Comparison
Key Takeaways
- HIVE Digital Technologies focuses on green energy-powered Bitcoin mining at 25 EH/s (exahash per second, a measure of mining computational power) and emerging high-performance computing (HPC), with recent stock gains of around 46% over the past month amid volatility.
- IREN Limited operates vertically integrated data centers for Bitcoin mining and AI cloud services using 100% renewables, boasting superior year-to-date returns of about 45% and a market cap over $18 billion.
- Both stocks benefit from the cryptocurrency rally and AI infrastructure demand, but IREN shows stronger momentum with recent acquisitions like Mirantis for $625 million to bolster AI capabilities.
- HIVE trades at a lower price-to-sales ratio (around 2.6x) compared to IREN's premium valuation (24x), highlighting value versus growth trade-offs.
- Recent market activity reflects sector tailwinds, with IREN up 69% in the past month versus HIVE's 46%, driven by AI catalysts.
- Risk factors include Bitcoin price fluctuations and high betas (volatility measures) above 3 for both, amplifying exposure to crypto and tech swings.
Introduction
This stock comparison examines HIVE Digital Technologies and IREN Limited, two leaders in green-powered Bitcoin mining transitioning toward AI and high-performance computing infrastructure. Both companies leverage renewable energy data centers amid surging demand for digital assets and AI workloads. Traders seeking momentum in crypto-related plays and investors eyeing diversified exposure to the AI data center boom will find this analysis relevant, particularly in the context of recent relative performance and sector shifts. By evaluating business models, recent trends, and market positioning, readers gain insights into potential trade-offs in this high-growth niche.
HIVE Overview and Recent Performance
HIVE Digital Technologies Ltd. builds and operates data centers powered by green energy in Canada, Sweden, and Paraguay, primarily mining Bitcoin while expanding into high-performance computing (HPC) via its BUZZ platform. The company reported record Q3 FY2026 revenue of $93.1 million, up 219% year-over-year, driven by Bitcoin mining revenue of $88.2 million from 885 BTC produced at an average hashrate of 22.9 EH/s. Its installed capacity reached 25 EH/s, representing about 2% of the global Bitcoin network.
In recent market activity, HIVE's stock has exhibited volatility with strong rebounds, posting approximately 46% gains over the past month and trading around $2.84 after a 9% daily rise. Sentiment has been influenced by robust production growth (191% year-over-year in some metrics), AI GPU deployments like 504 next-generation units under a $30 million two-year contract, and funding via $115 million in exchangeable notes for expansion. Year-to-date returns stand at about 10%, with a 52-week range of $1.60 to $7.84, reflecting sensitivity to Bitcoin prices and network difficulty increases.
IREN Overview and Recent Performance
IREN Limited, formerly Iris Energy, runs vertically integrated data centers in Australia and North America powered by 100% renewables, mining Bitcoin while pivoting aggressively to AI cloud and HPC services. It operates over 4.5 GW of secured power across six locations, with recent expansions like the Childress site scaling to 750 MW.
Recent weeks have seen IREN's shares surge around 69% monthly and 10% daily to $54.74, fueled by a $625 million acquisition of Mirantis to enhance AI infrastructure and multi-year cloud contracts. Year-to-date performance exceeds 45%, with a 52-week range of $6.01 to $76.87 and trailing twelve-month revenue of $757 million. Key drivers include AI cloud growth targeting $3.4 billion in annualized recurring revenue by year-end, Microsoft partnerships, and Bitcoin mining efficiency, though shares reflect premium pricing amid integration risks and projected near-term losses.
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Head-to-Head Comparison
HIVE and IREN both harness renewables for Bitcoin mining but diverge in scale and AI focus. HIVE's business emphasizes efficient mining (17.5 J/TH efficiency) with nascent HPC via BUZZ GPUs, offering lower valuations (2.6x price-to-sales) but higher operational losses (-49% margins). Growth drivers include hashrate expansion to 35 EH/s planned for 2026 and AI contracts, though debt-free status provides flexibility.
IREN leads in AI diversification with 23,000+ GPUs, major deals like Microsoft’s $9.7 billion commitment, and $3.4 billion ARR targets, supported by vast power capacity. However, its premium 24x price-to-sales reflects risks like higher debt ($3.84 billion) and mining revenue volatility (down 28% quarter-over-quarter recently). Market sentiment favors IREN's momentum (beta 4.17 vs. HIVE's 3.37), but HIVE appeals for relative value amid sector exposure to crypto rallies and AI infrastructure demand.
Tickeron AI Verdict
Tickeron’s AI models currently favor IREN over HIVE, citing superior trend consistency, AI cloud catalysts like recent acquisitions and hyperscaler contracts, and stronger relative momentum in recent market activity. While HIVE offers attractive positioning through mining efficiency and funding for HPC growth, IREN's scale and profitability trajectory suggest a higher probability of outperformance, subject to volatility in Bitcoin and AI sectors.
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. 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 HIVE 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).
HIVE’s FA Score shows that 1 FA rating(s) are green whileIREN’s FA Score has 0 green FA rating(s).
- HIVE’s FA Score: 1 green, 4 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.
HIVE’s TA Score shows that 4 TA indicator(s) are bullish while IREN’s TA Score has 4 bullish TA indicator(s).
- HIVE’s TA Score: 4 bullish, 5 bearish.
- IREN’s TA Score: 4 bullish, 4 bearish.
Price Growth
HIVE (@Investment Banks/Brokers) experienced а -11.03% price change this week, while IREN (@Investment Banks/Brokers) price change was -20.39% for the same time period.
The average weekly price growth across all stocks in the @Investment Banks/Brokers industry was -5.28%. For the same industry, the average monthly price growth was -6.83%, and the average quarterly price growth was -8.05%.
Reported Earning Dates
IREN is expected to report earnings on Sep 16, 2026.
Industries' Descriptions
@Investment Banks/Brokers (-5.28% 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.
| HIVE | IREN | HIVE / IREN | |
| Capitalization | 1.07B | 16.9B | 6% |
| EBITDA | 27.2M | 567M | 5% |
| Gain YTD | 46.899 | 26.383 | 178% |
| P/E Ratio | 9.17 | 73.86 | 12% |
| Revenue | 298M | 757M | 39% |
| Total Cash | 32.9M | 2.21B | 1% |
| Total Debt | 71.1M | 3.97B | 2% |
HIVE | ||
|---|---|---|
OUTLOOK RATING 1..100 | 73 | |
VALUATION overvalued / fair valued / undervalued 1..100 | 71 Overvalued | |
PROFIT vs RISK RATING 1..100 | 100 | |
SMR RATING 1..100 | 98 | |
PRICE GROWTH RATING 1..100 | 36 | |
P/E GROWTH RATING 1..100 | 26 | |
SEASONALITY SCORE 1..100 | 90 |
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.
| HIVE | IREN | |
|---|---|---|
| RSI ODDS (%) | 2 days ago 82% | N/A |
| Stochastic ODDS (%) | 2 days ago 82% | 2 days ago 90% |
| Momentum ODDS (%) | 2 days ago 89% | 2 days ago 86% |
| MACD ODDS (%) | 2 days ago 78% | 2 days ago 89% |
| TrendWeek ODDS (%) | 2 days ago 87% | 2 days ago 90% |
| TrendMonth ODDS (%) | 2 days ago 87% | 2 days ago 90% |
| Advances ODDS (%) | 5 days ago 86% | 12 days ago 90% |
| Declines ODDS (%) | 2 days ago 87% | 2 days ago 89% |
| BollingerBands ODDS (%) | 2 days ago 90% | 2 days ago 90% |
| Aroon ODDS (%) | 2 days ago 86% | 2 days ago 89% |
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HIVE and
Correlation & Price change
A.I.dvisor indicates that over the last year, HIVE has been closely correlated with KEEL. These tickers have moved in lockstep 76% of the time. This A.I.-generated data suggests there is a high statistical probability that if HIVE jumps, then KEEL could also see price increases.
| Ticker / NAME | Correlation To HIVE | 1D Price Change % | ||
|---|---|---|---|---|
| HIVE | 100% | -8.45% | ||
| KEEL - HIVE | 76% Closely correlated | -4.25% | ||
| CIFR - HIVE | 73% Closely correlated | -2.06% | ||
| COIN - HIVE | 73% Closely correlated | -5.06% | ||
| CLSK - HIVE | 69% Closely correlated | -2.22% | ||
| RIOT - HIVE | 65% Loosely correlated | +1.24% | ||
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