IREN vs NEXTDC
IREN is larger by market cap ($14.2B vs $7.8B). IREN reports higher tracked revenue ($501M vs $302M). Both are primarily Data Center Operators (Colo) companies.
Shared segment: AI & Data Center.
Side-by-side
| IREN | NEXTDC | |
|---|---|---|
| Market cap | $14.2B | $7.8B |
| Revenue | $501M (FY2025) | $302M (FY2025) |
| 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 2026-08-12. 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).