IREN vs CORZ Stock Comparison: AI Score, Valuation, Performance and Upside
IREN and Core Scientific are both evaluated as bitcoin-mining-derived infrastructure companies pivoting toward AI data center hosting, with investors weighing the pace and contract quality of each company's AI conversion. Core Scientific's situation is complicated by shareholders having voted down its proposed acquisition by CoreWeave in late 2025, leaving it to pursue a standalone AI hosting strategy. The choice depends on an investor's view of each company's execution track record and strategic clarity following that outcome.
This comparison suits investors evaluating two former crypto-mining infrastructure companies now competing for AI hosting contracts, where deal uncertainty at Core Scientific versus contracted growth visibility at IREN is a key differentiator.
CORZ holds the edge across 5 of 5 key metrics in this comparison. CORZ leads on both 1-year return (-27.51%) and forward P/E quality (114.11x vs -149.43x for IREN), a relatively favorable combination of momentum and valuation. CORZ leads on both revenue growth (108.80%) and operating margin (6.87%), suggesting a stronger fundamental setup on both dimensions. Analyst consensus implies meaningfully more upside for CORZ (+132.39%) than for IREN (+96.58%).
Human Wall Street analysts' price targets, typically implying a ~12-month view — a separate signal from this site's own AI Prediction Signal further down the page, which is a 5-/30-day machine-learning forecast based on price history alone.
- Want exposure to AI Cloud revenue backed by large contracted capacity
- Value a strategic infrastructure partnership with NVIDIA
- Prefer clearer strategic direction over M&A uncertainty
- Can tolerate volatility tied to its bitcoin mining legacy
- Believe Core Scientific is undervalued as a standalone AI hosting company
- Want exposure to large-scale data center conversion from mining to AI use
- Can tolerate strategic uncertainty following the failed CoreWeave deal
- Are comfortable with a company that emerged from bankruptcy
| Metric | IREN | CORZ |
|---|---|---|
| AI scorei | 27.3 | 43.0 |
| AI ranki | #2286 | #1323 |
| Latest closei | $30.39 | $14.45 |
| 1M returni | -26.91% | -9.88% |
| 3M returni | -12.75% | -31.23% |
| 6M returni | -36.29% | -25.64% |
| 1Y returni | -55.30% | -27.51% |
How much would $10,000 be worth today if invested at the start of each period, with all dividends reinvested?
| Period | IREN | CORZ |
|---|---|---|
| 1Y ago | $4.47K (-55.3%) started 2025-10-15 | $7.25K (-27.5%) started 2025-10-15 |
| 5Y ago | $12.43K (+24.3%) started 2021-11-17 | $42.02K (+320.2%) started 2024-01-24 |
| 10Y ago | $12.43K (+24.3%) started 2021-11-17 | $42.02K (+320.2%) started 2024-01-24 |
Hypothetical — past performance does not guarantee future results.
| Metric | IREN | CORZ |
|---|---|---|
| Market capi | $15.6B | $5.13B |
| Trailing P/Ei | N/A | N/A |
| Forward P/Ei | -149.43 | 114.11 |
| Price/Salesi | N/A | N/A |
| EV/Revenuei | 24.82 | 17.72 |
| Analyst targeti | $77.84 | $37.13 |
| Target upsidei | +96.58% | +132.39% |
| Metric | IREN | CORZ |
|---|---|---|
| Revenue growthi | -26.70% | 108.80% |
| Earnings growthi | N/A | N/A |
| EPS growthi | N/A | N/A |
| FCF margini | -596.78% | +105.57% |
| Operating margini | -102.47% | 6.87% |
| Profit margini | -99.38% | 0.00% |
| ROIC proxyi | -23.41% | N/A |
| Return on equityi | -23.41% | N/A |
| Dividend yieldi | N/A | N/A |
| Payout ratioi | 0.00% | 0.00% |
| Dividend growth streaki | N/A | N/A |
| Betai | 4.30 | 5.59 |
| Debt/equityi | 187.30 | N/A |
| Current ratioi | 3.55 | 0.89 |
| Quick ratioi | 2.66 | 0.65 |
Over the past year, IREN and CORZ have moved strongly in the same direction (correlation of 0.77), based on daily returns.
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
| Period | Metric | IREN | CORZ |
|---|---|---|---|
| 1Y | Growthi | -55.30% | -27.51% |
| CAGRi | -55.32% | -27.52% | |
| Volatilityi | 106.80% | 72.42% | |
| Sharpe ratioi | -0.27 | -0.15 | |
| Sortino ratioi | -0.41 | -0.21 | |
| Max drawdowni | 61.64% | 53.67% | |
| Current drawdowni | 60.23% | 50.43% | |
| Avg drawdowni | 38.50% | 23.26% | |
| Ulcer Indexi | 40.53% | 26.82% | |
| Max daily dropi | 17.37% | 12.65% | |
| Max wkly dropi | 33.51% | 26.37% | |
| 5Y | Growthi | +24.29% | +320.20% |
| CAGRi | +4.53% | +69.38% | |
| Volatilityi | 117.53% | 84.72% | |
| Sharpe ratioi | 0.57 | 0.99 | |
| Sortino ratioi | 0.92 | 1.53 | |
| Max drawdowni | 95.73% | 64.95% | |
| Current drawdowni | 60.23% | 50.43% | |
| Avg drawdowni | 61.28% | 21.30% | |
| Ulcer Indexi | 65.66% | 26.59% | |
| Max daily dropi | 36.45% | 29.41% | |
| Max wkly dropi | 42.49% | 30.50% | |
| 10Y | Growthi | +24.29% | +320.20% |
| CAGRi | +4.53% | +69.38% | |
| Volatilityi | 117.53% | 84.72% | |
| Sharpe ratioi | 0.57 | 0.99 | |
| Sortino ratioi | 0.92 | 1.53 | |
| Max drawdowni | 95.73% | 64.95% | |
| Current drawdowni | 60.23% | 50.43% | |
| Avg drawdowni | 61.28% | 21.30% | |
| Ulcer Indexi | 65.66% | 26.59% | |
| Max daily dropi | 36.45% | 29.41% | |
| Max wkly dropi | 42.49% | 30.50% |
| Category | IREN | CORZ |
|---|---|---|
| Company | IREN Limited | Core Scientific, Inc. |
| Sector | Financial Services | Technology |
| Industry | Capital Markets | Software - Infrastructure |
| Core business | IREN operates renewable-powered data centers that have pivoted from bitcoin mining toward AI cloud compute, offering GPU capacity under multi-year contracts. | Core Scientific operates large-scale data centers originally built for bitcoin mining that it is converting to host high-performance computing and AI workloads under hosting contracts. |
| Investor focus | Investors watch AI Cloud revenue growth, contracted capacity buildout, and execution on large infrastructure partnerships such as its NVIDIA agreement. | Investors watch progress converting mining capacity to AI hosting contracts, the aftermath of its terminated CoreWeave acquisition, and its standalone capital allocation strategy. |
- Rapidly scaling AI Cloud revenue with billions in contracted capacity
- Large strategic infrastructure partnership with NVIDIA for GPU deployment
- Access to low-cost renewable power supporting favorable data center economics
- Large existing power and data center footprint suitable for AI hosting conversion
- Established hosting relationships with AI infrastructure customers
- Emerged from bankruptcy with a cleaner balance sheet than in prior years
- Still transitioning from a bitcoin mining legacy with related impairment charges
- Heavy capital spending required to build out contracted AI capacity
- Execution risk in scaling power and infrastructure delivery on schedule
- Shareholders rejected its proposed acquisition by CoreWeave, adding strategic uncertainty
- Ongoing capital needs to convert mining infrastructure for AI hosting use
- Volatility tied to both bitcoin mining economics and AI infrastructure sentiment
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