Firy Inc. vs Iris Energy Limited — how do they compare? Firy Inc. trades at $11.97 (market cap $196.97M), while Iris Energy Limited trades at $36.84 (market cap $15.25B). The key difference: Iris Energy Limited is far larger — about 77.4× Firy Inc.'s market cap, and Firy Inc. is trading nearer its 52-week high, Iris Energy Limited nearer its low. Which is the better fit depends on your goals — on Pluang, investors hold Firy Inc. for 13 Days and Iris Energy Limited for 28 Days on average.
| FIRY | IREN | |
|---|---|---|
Market Cap | $196.97M | $15.25B |
Volume | 155,239 | 51,114,233 |
Sector | Technology | Technology |
52-Week High | $13.10 | $76.41 |
52-Week Low | $2.28 | $29.31 |
Typical Hold Time | 13 Days | 28 Days |
Enterprise Value | $165.57M | $17.19B |
Signals from Pluang's Aura AI — not financial advice
FIRY trades at $12.02, down 3.69% on the day, with a bullish technical signal from moving averages but mixed earnings performance. The company shows a high gross margin of 87.76% but negative net income margin of -60.23% and significant cash burn. Recent developments include a $719 million legal victory and board additions, though revenue has declined from $270M in 2022 to $104M in 2025.
The outlook remains challenging with persistent losses and cash burn offset by potential from legal wins. Investment opportunity exists if the company can monetize legal judgments and stabilize operations, but risks include continued operational losses and uncertainty around cash flow sustainability.
IREN trades at $38.69, down 6.27% amid bearish technical signals despite strong analyst support with 12 buy ratings and an $81 consensus target. The stock faces fundamental challenges with negative net income margin (-99.38%) and ROE (-23.41%) despite 2025 revenue of $501M. Recent news highlights the company's pivot from Bitcoin mining to AI infrastructure with major contracts including a $9.7B Microsoft deal, though execution risks and capital intensity concerns weigh on sentiment.
The outlook remains bifurcated with Wall Street optimism for long-term AI infrastructure growth potential conflicting with near-term profitability challenges. Key opportunities include the 5GW+ power pipeline and hyperscaler partnerships, while risks center on execution of massive spending plans, competitive pressures, and the sustainability of current valuation multiples given negative earnings trends.
Trailing returns across standard periods
What Pluang investors did over the last 30 days
Firy Inc. operates a mobile gaming platform in the United States, Israel, China, Malta, Hong Kong, Cyprus, and other international markets. The company operates through two segments: Skillz and RZR. Its Skillz platform enables game developers to monetize their content by integrating real-money tournaments, virtual prizes, and social competition features directly into multiplayer games.
Read more on FIRY →Iris Energy is a next-generation data center company that powers Bitcoin mining and AI workloads using 100% renewable energy. It focuses on building sustainable infrastructure for the global digital economy.
Read more on IREN →