Iris Energy Limited vs Orion Office REIT Inc — how do they compare? Iris Energy Limited trades at $43.13 (market cap $14.20B), while Orion Office REIT Inc trades at $2.76 (market cap $158.01M). The key difference: Iris Energy Limited is far larger — about 89.9× Orion Office REIT Inc's market cap, and Orion Office REIT Inc pays a 2.89% dividend while Iris Energy Limited pays none. Which is the better fit depends on your goals.
| IREN | ONL | |
|---|---|---|
Market Cap | $14.20B | $158.01M |
Sector | Energy | Real Estate |
52-Week High | $76.41 | $3.04 |
52-Week Low | $17.73 | $1.93 |
Enterprise Value | $15.95B | $574.95M |
Dividend Yield | — | 2.89% |
Signals from Pluang's Aura AI — not financial advice
IREN trades at $43.24, up 11.62% in 24 hours, with a neutral technical signal and bearish moving averages. The company reported Q1 2026 revenue of $501.02M and net income of $86.94M, but missed EPS estimates for three consecutive quarters. Recent news highlights a $2.8B AI contract surge and a raised revenue target above $4B, driving investor optimism despite high valuation ratios like a P/E of 51.6.
Outlook is mixed: strong AI contract growth and analyst consensus price target of $84.43 suggest upside, but execution risks, high valuations, and consistent earnings misses pose challenges. Stock sentiment is buoyed by institutional interest, including a new position by California State Teachers Retirement System in Q2 2026.
ONL trades at $2.76, up 0.36% today, with a bullish technical signal from moving averages. The company reported a Q2 2026 EPS beat of $0.42 versus -$0.07 expected, but maintains negative net income and ROE. Revenue has declined from $208M in 2022 to $148M in 2025, with a net loss of -$139M. Analyst consensus is split evenly between Buy and Hold.
The outlook remains challenged by persistent losses and declining revenue, though the low P/B of 0.25 suggests asset value. Key risks include high debt and weak profitability. Upside depends on successful portfolio repositioning and a return to sustained earnings growth.
Trailing returns across standard periods
Latest headlines on both assets
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 →Orion Office REIT Inc is a internally-managed REIT engaged in the ownership, acquisition, and management of a diversified portfolio of mission-critical and headquarters office buildings located in high quality suburban markets across the U.S. and leased primarily on a single-tenant net lease basis to creditworthy clients.
Read more on ONL →