Iris Energy (NASDAQ:IREN – Get Free Report) and Core Scientific (NASDAQ:CORZ – Get Free Report) are both energy companies, but which is the superior business? We will compare the two businesses based on the strength of their analyst recommendations, institutional ownership, dividends, earnings, profitability, valuation and risk.
Volatility & Risk
Iris Energy has a beta of 3.67, meaning that its share price is 267% more volatile than the S&P 500. Comparatively, Core Scientific has a beta of 6.66, meaning that its share price is 566% more volatile than the S&P 500.
Insider & Institutional Ownership
41.1% of Iris Energy shares are owned by institutional investors. 21.5% of Iris Energy shares are owned by insiders. Comparatively, 1.4% of Core Scientific shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock is poised for long-term growth.
Analyst Ratings
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| Iris Energy | 0 | 1 | 10 | 1 | 3.00 |
| Core Scientific | 0 | 0 | 15 | 1 | 3.06 |
Iris Energy currently has a consensus target price of $20.40, suggesting a potential upside of 189.36%. Core Scientific has a consensus target price of $19.07, suggesting a potential upside of 104.58%. Given Iris Energy’s higher possible upside, equities research analysts plainly believe Iris Energy is more favorable than Core Scientific.
Profitability
This table compares Iris Energy and Core Scientific’s net margins, return on equity and return on assets.
| Net Margins | Return on Equity | Return on Assets | |
| Iris Energy | -17.94% | -3.98% | -3.33% |
| Core Scientific | N/A | N/A | N/A |
Earnings and Valuation
This table compares Iris Energy and Core Scientific”s gross revenue, earnings per share and valuation.
| Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
| Iris Energy | $283.73 million | 4.67 | -$28.95 million | N/A | N/A |
| Core Scientific | $510.67 million | 5.38 | -$1.48 billion | ($5.03) | -1.85 |
Iris Energy has higher earnings, but lower revenue than Core Scientific.
Summary
Core Scientific beats Iris Energy on 8 of the 12 factors compared between the two stocks.
About Iris Energy
Iris Energy Limited owns and operates bitcoin mining data centers. The company was incorporated in 2018 and is headquartered in Sydney, Australia.
About Core Scientific
Core Scientific, Inc. provides digital asset mining services in North America. It operates through two segments, Mining and Hosting. The company offers blockchain infrastructure, software solutions, and services; and operates data center mining facilities. It also mines digital assets for its own account; and provides hosting services for other large bitcoin miners, which include deployment, monitoring, trouble shooting, optimization, and maintenance of its customers' digital asset mining equipment. In addition, the company provides electrical power, repair, and other infrastructure services to operate, maintain, and earn digital assets; and sells mining equipment to customers. Core Scientific, Inc. was founded in 2017 and is headquartered in Dover, Delaware.
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