HIVE Digital Technologies (NASDAQ:HIVE) and Iris Energy (NASDAQ:IREN) Head-To-Head Contrast

HIVE Digital Technologies (NASDAQ:HIVE) and Iris Energy (NASDAQ:IREN) are both small-cap finance companies, but which is the better investment? We will compare the two companies based on the strength of their earnings, valuation, institutional ownership, risk, profitability, analyst recommendations and dividends.

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

Analyst Recommendations

This is a summary of current ratings and price targets for HIVE Digital Technologies and Iris Energy, as provided by MarketBeat.

	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 presently has a consensus price target of $5.17, indicating a potential upside of 60.46%. Iris Energy has a consensus price target of $16.33, indicating a potential upside of 29.42%. Given HIVE Digital Technologies’ higher possible upside, research analysts clearly believe HIVE Digital Technologies is more favorable than Iris Energy.

Valuation and Earnings

This table compares HIVE Digital Technologies and Iris Energy’s gross 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	3.29	-$51.21 million	($0.59)	-5.46
Iris Energy	$75.51 million	24.50	-$171.87 million	N/A	N/A

HIVE Digital Technologies has higher revenue and earnings than Iris Energy.

Risk and Volatility

HIVE Digital Technologies has a beta of 3.51, suggesting that its share price is 251% more volatile than the S&P 500. Comparatively, Iris Energy has a beta of 3.47, suggesting that its share price is 247% more volatile than the S&P 500.

Institutional & 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.

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.