IREN vs. BITF
Compare and contrast key facts about Iris Energy Limited (IREN) and Bitfarms Ltd. (BITF).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IREN or BITF.
Correlation
The correlation between IREN and BITF is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
IREN vs. BITF - Performance Comparison
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Key characteristics
IREN:
0.40
BITF:
-0.38
IREN:
1.64
BITF:
0.14
IREN:
1.18
BITF:
1.01
IREN:
0.92
BITF:
-0.31
IREN:
1.86
BITF:
-0.64
IREN:
39.11%
BITF:
44.93%
IREN:
111.90%
BITF:
91.60%
IREN:
-95.73%
BITF:
-95.72%
IREN:
-66.09%
BITF:
-87.03%
Fundamentals
IREN:
$2.03B
BITF:
$639.36M
IREN:
-$0.30
BITF:
-$0.13
IREN:
5.38
BITF:
3.05
IREN:
1.58
BITF:
1.05
IREN:
$228.74M
BITF:
$198.73M
IREN:
$204.67M
BITF:
-$20.29M
IREN:
$47.97M
BITF:
$46.39M
Returns By Period
In the year-to-date period, IREN achieves a -14.36% return, which is significantly higher than BITF's -22.82% return.
IREN
-14.36%
50.45%
-21.18%
39.70%
N/A
N/A
BITF
-22.82%
37.61%
-48.89%
-34.29%
23.07%
N/A
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Risk-Adjusted Performance
IREN vs. BITF — Risk-Adjusted Performance Rank
IREN
BITF
IREN vs. BITF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Iris Energy Limited (IREN) and Bitfarms Ltd. (BITF). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Dividends
IREN vs. BITF - Dividend Comparison
Neither IREN nor BITF has paid dividends to shareholders.
Drawdowns
IREN vs. BITF - Drawdown Comparison
The maximum IREN drawdown since its inception was -95.73%, roughly equal to the maximum BITF drawdown of -95.72%. Use the drawdown chart below to compare losses from any high point for IREN and BITF. For additional features, visit the drawdowns tool.
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Volatility
IREN vs. BITF - Volatility Comparison
Iris Energy Limited (IREN) and Bitfarms Ltd. (BITF) have volatilities of 18.75% and 19.13%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Financials
IREN vs. BITF - Financials Comparison
This section allows you to compare key financial metrics between Iris Energy Limited and Bitfarms Ltd.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
IREN vs. BITF - Profitability Comparison
IREN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Iris Energy Limited reported a gross profit of 110.56M and revenue of 117.55M. Therefore, the gross margin over that period was 94.1%.
BITF - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Bitfarms Ltd. reported a gross profit of 1.39M and revenue of 56.16M. Therefore, the gross margin over that period was 2.5%.
IREN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Iris Energy Limited reported an operating income of 31.10M and revenue of 117.55M, resulting in an operating margin of 26.5%.
BITF - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Bitfarms Ltd. reported an operating income of -16.39M and revenue of 56.16M, resulting in an operating margin of -29.2%.
IREN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Iris Energy Limited reported a net income of 18.88M and revenue of 117.55M, resulting in a net margin of 16.1%.
BITF - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Bitfarms Ltd. reported a net income of 15.17M and revenue of 56.16M, resulting in a net margin of 27.0%.