Comprehensive Stock Comparison
Compare BitFuFu Inc. (FUFU) vs IREN Limited (IREN) Stock
Analyze side-by-side fundamentals, valuation, growth, and profitability to decide which stock is the better buy.
Selected Stocks
Add up to 10 tickers. Use presets or search to get started.
Quick Verdict
| Category | Winner | Why |
|---|---|---|
| Growth | IREN | 167.7% revenue growth vs FUFU's 63.1% |
| Value | FUFU | Lower P/E (19.2x vs 117.8x) |
| Quality / Margins | IREN | 17.4% net margin vs FUFU's 11.6% |
| Stability / Safety | FUFU | Beta 1.10 vs IREN's 2.01, lower leverage |
| Dividends | Tie | Neither pays a meaningful dividend |
| Momentum (1Y) | IREN | +397.0% vs FUFU's -52.6% |
| Efficiency (ROA) | FUFU | 5.0% ROA vs IREN's -0.2%, ROIC 46.2% vs 0.7% |
Who Each Stock Is For
Income & stability
Growth exposure
Long-term compounding (10Y)
Sleep-well-at-night portfolio
Defensive / Recession hedge
Business Model
What each company does and how it makes money
BitFuFu operates a digital asset mining platform that provides cloud-mining services — allowing customers to rent mining capacity without owning physical hardware. It generates revenue primarily through cloud-mining service fees and miner hosting services, with additional income from miner sales and rental arrangements. The company's advantage lies in its vertically integrated infrastructure — owning and operating mining facilities — which provides scale and operational efficiency in the capital-intensive mining industry.
IREN Limited is a vertically integrated Bitcoin mining company that operates data centers and computing infrastructure in Australia and Canada. It generates revenue primarily from Bitcoin mining rewards — converting electricity into digital assets — with additional income from data center services and infrastructure operations. The company's competitive advantage lies in its vertical integration — controlling power sourcing, infrastructure, and mining operations — which provides cost efficiency and operational control in the energy-intensive mining industry.
Financial Metrics Comparison
Side-by-side fundamentals across 2 stocks. BestLagging
Financial Scorecard
FUFU leads in 3 of 6 categories (Financial Metrics, Valuation Metrics). IREN leads in 1 (Total Returns). 1 tied.
Financial Metrics (TTM)
IREN and FUFU operate at a comparable scale, with $501M and $463M in trailing revenue. IREN is the more profitable business, keeping 17.4% of every revenue dollar as net income compared to FUFU's 11.6%.
| Metric | FUFUBitFuFu Inc. | IRENIREN Limited |
|---|---|---|
| RevenueTrailing 12 months | $463M | $501M |
| EBITDAEarnings before interest/tax | $36M | $62M |
| Net IncomeAfter-tax profit | $25M | -$16M |
| Free Cash FlowCash after capex | $0 | -$260M |
| Gross MarginGross profit ÷ Revenue | +6.4% | +68.3% |
| Operating MarginEBIT ÷ Revenue | +14.3% | +3.5% |
| Net MarginNet income ÷ Revenue | +11.6% | +17.4% |
| FCF MarginFCF ÷ Revenue | -51.1% | -2.2% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | — |
| EPS Growth (YoY)Latest quarter vs prior year | +3.2% | -7.1% |
Valuation Metrics
At 7.2x trailing earnings, FUFU trades at a 93% valuation discount to IREN's 105.0x P/E. On an enterprise value basis, FUFU's 4.2x EV/EBITDA is more attractive than IREN's 70.6x.
| Metric | FUFUBitFuFu Inc. | IRENIREN Limited |
|---|---|---|
| Market CapShares × price | $387M | $13.6B |
| Enterprise ValueMkt cap + debt − cash | $383M | $14.0B |
| Trailing P/EPrice ÷ TTM EPS | 7.18x | 105.00x |
| Forward P/EPrice ÷ next-FY EPS est. | 19.22x | 117.77x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 4.22x | 70.58x |
| Price / SalesMarket cap ÷ Revenue | 0.83x | 27.16x |
| Price / BookPrice ÷ Book value/share | 2.41x | 5.03x |
| Price / FCFMarket cap ÷ FCF | — | — |
Profitability & Efficiency
FUFU delivers a 11.4% return on equity — every $100 of shareholder capital generates $11 in annual profit, vs $-1 for IREN. FUFU carries lower financial leverage with a 0.22x debt-to-equity ratio, signaling a more conservative balance sheet compared to IREN's 0.53x. On the Piotroski fundamental quality scale (0–9), IREN scores 6/9 vs FUFU's 5/9, reflecting solid financial health.
| Metric | FUFUBitFuFu Inc. | IRENIREN Limited |
|---|---|---|
| ROE (TTM)Return on equity | +11.4% | -0.6% |
| ROA (TTM)Return on assets | +5.0% | -0.2% |
| ROICReturn on invested capital | +46.2% | +0.7% |
| ROCEReturn on capital employed | +30.3% | +0.9% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 6 |
| Debt / EquityFinancial leverage | 0.22x | 0.53x |
| Net DebtTotal debt minus cash | -$3M | $400M |
| Cash & Equiv.Liquid assets | $38M | $565M |
| Total DebtShort + long-term debt | $35M | $964M |
| Interest CoverageEBIT ÷ Interest expense | 4.18x | 31.42x |
Total Returns (with DRIP)
A $10,000 investment in IREN five years ago would be worth $16,748 today (with dividends reinvested), compared to $2,602 for FUFU. Over the past 12 months, IREN leads with a +397.0% total return vs FUFU's -52.6%. The 3-year compound annual growth rate (CAGR) favors IREN at 145.4% vs FUFU's -36.2% — a key indicator of consistent wealth creation.
| Metric | FUFUBitFuFu Inc. | IRENIREN Limited |
|---|---|---|
| YTD ReturnYear-to-date | -15.4% | -4.1% |
| 1-Year ReturnPast 12 months | -52.6% | +397.0% |
| 3-Year ReturnCumulative with dividends | -74.0% | +1378.3% |
| 5-Year ReturnCumulative with dividends | -74.0% | +67.5% |
| 10-Year ReturnCumulative with dividends | -74.0% | +67.5% |
| CAGR (3Y)Annualised 3-year return | -36.2% | +145.4% |
Risk & Volatility
FUFU is the less volatile stock with a 1.10 beta — it tends to amplify market swings less than IREN's 2.01 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. IREN currently trades 53.3% from its 52-week high vs FUFU's 40.5% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | FUFUBitFuFu Inc. | IRENIREN Limited |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.10x | 2.01x |
| 52-Week HighHighest price in past year | $5.85 | $76.87 |
| 52-Week LowLowest price in past year | $2.05 | $5.13 |
| % of 52W HighCurrent price vs 52-week peak | +40.5% | +53.3% |
| RSI (14)Momentum oscillator 0–100 | 44.2 | 47.9 |
| Avg Volume (50D)Average daily shares traded | 70K | 34.2M |
Analyst Outlook
Wall Street rates FUFU as "Buy" and IREN as "Buy".
| Metric | FUFUBitFuFu Inc. | IRENIREN Limited |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | — | $74.20 |
| # AnalystsCovering analysts | 2 | 13 |
| Dividend YieldAnnual dividend ÷ price | — | — |
| Dividend StreakConsecutive years of raises | — | — |
| Dividend / ShareAnnual DPS | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% |
Historical Charts
Charts are rendered on first load. Hover for details.
Chart 1Total Return — 5 Years (Rebased to 100)
| Stock | Feb 24 | Feb 26 | Change |
|---|---|---|---|
| BitFuFu Inc. (FUFU) | 100 | 29.97 | -70.0% |
| IREN Limited (IREN) | 100 | 886.14 | +786.1% |
IREN Limited (IREN) returned +67% over 5 years vs BitFuFu Inc. (FUFU)'s -74%. A $10,000 investment in IREN 5 years ago would be worth $16,748 today (including dividends reinvested).
Chart 2Revenue Growth — 10 Years
| Stock | 2019 | 2025 | Change |
|---|---|---|---|
| BitFuFu Inc. (FUFU) | $1M | $463M | +37657.5% |
| IREN Limited (IREN) | $1053.00 | $501M | +47580431.8% |
IREN Limited's revenue grew from $0M (2019) to $501M (2025) — a 783.6% CAGR.
Chart 3Net Margin Trend — 10 Years
| Stock | 2019 | 2025 | Change |
|---|---|---|---|
| BitFuFu Inc. (FUFU) | -90.1% | 11.6% | +112.9% |
| IREN Limited (IREN) | -153.0% | 17.4% | +111.3% |
IREN Limited's net margin went from -153% (2019) to 17% (2025).
Chart 4EPS Growth — 10 Years
| Stock | 2019 | 2025 | Change |
|---|---|---|---|
| BitFuFu Inc. (FUFU) | -0.01 | 0.33 | +4814.3% |
| IREN Limited (IREN) | -0.01 | 0.39 | +4039.4% |
IREN Limited's EPS grew from $-0.01 (2019) to $0.39 (2025).
Chart 5Free Cash Flow — 5 Years
BitFuFu Inc. generated $-237M FCF in 2024 (-131393% vs 2021). IREN Limited generated $-1B FCF in 2025 (-27170% vs 2021).
FUFU vs IREN: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is FUFU or IREN a better buy right now?
BitFuFu Inc. (FUFU) offers the better valuation at 7.2x trailing P/E (19.2x forward), making it the more compelling value choice. Analysts rate BitFuFu Inc. (FUFU) a "Buy" — based on 2 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — FUFU or IREN?
On trailing P/E, BitFuFu Inc. (FUFU) is the cheapest at 7.2x versus IREN Limited at 105.0x. On forward P/E, BitFuFu Inc. is actually cheaper at 19.2x.
03Which is the better long-term investment — FUFU or IREN?
Over the past 5 years, IREN Limited (IREN) delivered a total return of +67.5%, compared to -74.0% for BitFuFu Inc. (FUFU). A $10,000 investment in IREN five years ago would be worth approximately $17K today (assuming dividends reinvested). Over 10 years, the gap is even starker: IREN returned +67.5% versus FUFU's -74.0%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — FUFU or IREN?
By beta (market sensitivity over 5 years), BitFuFu Inc. (FUFU) is the lower-risk stock at 1.10β versus IREN Limited's 2.01β — meaning IREN is approximately 83% more volatile than FUFU relative to the S&P 500. On balance sheet safety, BitFuFu Inc. (FUFU) carries a lower debt/equity ratio of 22% versus 53% for IREN Limited — giving it more financial flexibility in a downturn.
05Which has better profit margins — FUFU or IREN?
IREN Limited (IREN) is the more profitable company, earning 17.4% net margin versus 11.6% for BitFuFu Inc. — meaning it keeps 17.4% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: FUFU leads at 14.3% versus 3.5% for IREN. At the gross margin level — before operating expenses — IREN leads at 68.3%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Is FUFU or IREN more undervalued right now?
On forward earnings alone, BitFuFu Inc. (FUFU) trades at 19.2x forward P/E versus 117.8x for IREN Limited — 98.6x cheaper on a one-year earnings basis.
07Which pays a better dividend — FUFU or IREN?
None of the stocks in this comparison currently pay a material dividend. All are effectively zero-yield and should be held for capital appreciation rather than income.
08Is FUFU or IREN better for a retirement portfolio?
For long-horizon retirement investors, BitFuFu Inc. (FUFU) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 1.10)). IREN Limited (IREN) carries a higher beta of 2.01 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (FUFU: -74.0%, IREN: +67.5%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
09What are the main differences between FUFU and IREN?
Both stocks operate in the Financial Services sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both. In terms of investment character: FUFU is a small-cap deep-value stock; IREN is a mid-cap quality compounder stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
Find Stocks Like These
Explore pre-built screens for each stock's profile, or build a custom screen to find stocks that beat both.