HIVE Digital Technologies (NASDAQ:HIVE – Get Free Report) and Iris Energy (NASDAQ:IREN – Get Free Report) are both finance companies, but which is the better investment? We will compare the two businesses based on the strength of their institutional ownership, dividends, valuation, risk, profitability, earnings and analyst recommendations.
Profitability
This table compares HIVE Digital Technologies and Iris Energy’s net margins, return on equity and return on assets.
| Net Margins | Return on Equity | Return on Assets | |
| HIVE Digital Technologies | -44.73% | -28.52% | -22.39% |
| Iris Energy | N/A | N/A | N/A |
Institutional and Insider Ownership
24.4% of HIVE Digital Technologies shares are owned by institutional investors. Comparatively, 41.1% of Iris Energy shares are owned by institutional investors. 21.6% of Iris Energy shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.
Analyst Recommendations
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| HIVE Digital Technologies | 0 | 1 | 2 | 0 | 2.67 |
| Iris Energy | 0 | 0 | 4 | 1 | 3.20 |
HIVE Digital Technologies currently has a consensus target price of $5.17, indicating a potential upside of 69.40%. Iris Energy has a consensus target price of $16.33, indicating a potential upside of 13.82%. Given HIVE Digital Technologies’ higher probable upside, analysts plainly believe HIVE Digital Technologies is more favorable than Iris Energy.
Volatility and Risk
HIVE Digital Technologies has a beta of 3.51, meaning that its share price is 251% more volatile than the S&P 500. Comparatively, Iris Energy has a beta of 3.48, meaning that its share price is 248% more volatile than the S&P 500.
Valuation and Earnings
This table compares HIVE Digital Technologies and Iris Energy’s top-line revenue, earnings per share (EPS) and valuation.
| Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
| HIVE Digital Technologies | $114.46 million | 3.12 | -$51.21 million | ($0.59) | -5.17 |
| Iris Energy | $75.51 million | 27.86 | -$171.87 million | N/A | N/A |
HIVE Digital Technologies has higher revenue and earnings than Iris Energy.
Summary
Iris Energy beats HIVE Digital Technologies on 9 of the 13 factors compared between the two stocks.
About HIVE Digital Technologies
HIVE Digital Technologies Ltd. operates as a cryptocurrency mining company in Canada, Sweden, and Iceland. The company engages in the mining and sale of digital currencies, including Ethereum Classic, Bitcoin, and other coins. It also operates data centers; and offers infrastructure solutions. The company was formerly known as HIVE Blockchain Technologies Ltd. and changed its name to HIVE Digital Technologies Ltd. in July 2023. HIVE Digital Technologies Ltd. was incorporated in 1987 and is headquartered in Vancouver, Canada.
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.
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