IREN (IREN) vs TeraWulf (WULF)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
TeraWulf (WULF) has outperformed IREN (IREN) over the past year, gaining 11.0% versus a loss of 40.6%. IREN is the larger company by market cap ($13.76 billion vs $6.83 billion), about 2.0 times the size. IREN converts more of its revenue into profit, with a net margin of -99.4% versus -392.6%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | IREN | WULF |
|---|---|---|
| Share price | $34.93 | $13.68 |
| Market cap | $13.76B | $6.83B |
| 1-day change | -2.18% | +0.22% |
| YTD return | -5.45% | +18.80% |
| 1-year return | -40.57% | +10.98% |
| 5-year return | — | -54.58% |
| EPS (TTM) | $-2.22 | $-4.43 |
| Dividend yield | 0.00% | 0.00% |
| Annual dividend | $0.00 | $0.00 |
| Revenue (latest FY) | $707.01M | $168.46M |
| Revenue growth (YoY) | +41.11% | +20.28% |
| Net income (latest FY) | $-702.62M | $-661.42M |
| Gross margin | 68.92% | 39.21% |
| Operating margin | -148.05% | -110.54% |
| Net margin | -99.38% | -392.64% |
| 52-week high | $76.87 | $29.84 |
| 52-week low | $28.93 | $10.47 |
| Distance from 52-week high | -54.56% | -54.16% |
| Analyst consensus | buy | strong_buy |
| Avg. price target upside | +123.70% | +144.74% |
| Average volume | 42.78M | 31.02M |
| Shares outstanding | 394.06M | 498.97M |
| Employees | 685 | 141 |
| Sector | Finance | Finance |
| Industry | Finance: Consumer Services | Finance: Consumer Services |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- IREN is about 2.0 times larger than TeraWulf by market value ($13.76B vs $6.83B).
- WULF has outperformed IREN by 51.5 percentage points over the past year.
- IREN is more profitable, keeping -99.4 cents of every revenue dollar as net income versus -392.6 cents for TeraWulf.
- IREN grew revenue faster in its latest fiscal year (+41.11% vs +20.28%).
About IREN
IREN stock →IREN Limited operates as a vertically integrated AI cloud services platform in Australia and Canada. It develops, owns, and operate data centers, including the associated land, grid connections, and substations, as well as buildings and cooling.
Finance · Finance: Consumer Services · 685 employees
About TeraWulf
WULF stock →TeraWulf Inc., together with its subsidiaries, owns, develops, operates digital infrastructure in the United States. It also develops and operates bitcoin mining facilities for bitcoin mining and high-performance computing workloads, leveraging clean, cost-effective, and reliable energy.
Finance · Finance: Consumer Services · 141 employees
IREN vs WULF FAQ
Which is bigger, IREN or TeraWulf?
IREN (IREN) is larger, with a market capitalization of $13.76B compared with $6.83B for TeraWulf (WULF).
Which stock has performed better over the past year, IREN or WULF?
WULF returned +10.98% over the past 12 months, compared with -40.57% for IREN (price return, excluding dividends). Past performance does not predict future results.
Are IREN and TeraWulf in the same industry?
Yes. Both are classified in the Finance: Consumer Services industry within the Finance sector.