IREN vs NEXTDC
Both are primarily Data Center Operators (Colo) companies. IREN is larger by market cap ($14.1B vs $5.5B). IREN reports higher tracked revenue ($707M vs $345M).
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Side-by-side
| IREN | NEXTDC | |
|---|---|---|
| Market cap | $14.1B | $5.5B |
| Revenue | $707M (FY2026) | $345M (FY2026) |
| Primary segment | Data Center Operators (Colo) | Data Center Operators (Colo) |
| Market position | challenger | major |
| Country | Australia | Australia |
| Tracked suppliers | 7 | 4 |
| Tracked customers | 5 | 5 |
| Chokepoint / criticality | 7/100 | 8/100 |
Market caps/revenue from the wafergraph dataset · data as of 2026-10-09. Criticality is a graph-derived chokepoint score (0–100). Coverage is partial; "Unpriced" means no reliable market cap.
How IREN and NEXTDC compare
- Size: IREN is the larger company by market cap.
- Revenue: IREN reports higher tracked revenue.
- Supply-chain criticality: NEXTDC has the higher chokepoint score (8/100 vs 7/100).
- Footprint: IREN (Australia) vs NEXTDC (Australia).
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Cite as: wafergraph, “IREN vs NEXTDC”, https://wafergraph.com/compare/iren-vs-nextdc (data as of 2026-10-09).
Frequently asked questions3
- Is IREN bigger than NEXTDC?
- IREN is larger by market cap ($14.1B vs $5.5B).
- What's the difference between IREN and NEXTDC?
- IREN is a challenger in Data Center Operators (Colo) based in Australia; NEXTDC is a major in Data Center Operators (Colo) based in Australia. Both operate in the AI & Data Center segment.
- Who are IREN's and NEXTDC's suppliers?
- wafergraph tracks 7 suppliers for IREN and 4 for NEXTDC.