IREN vs Keppel DC REIT
Both are primarily Data Center Operators (Colo) companies. IREN is larger by market cap ($14.1B vs $4.6B). IREN reports higher tracked revenue ($707M vs $345M).
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Side-by-side
| IREN | Keppel DC REIT | |
|---|---|---|
| Market cap | $14.1B | $4.6B |
| Revenue | $707M (FY2026) | $345M (FY2025) |
| Primary segment | Data Center Operators (Colo) | Data Center Operators (Colo) |
| Market position | challenger | niche |
| Country | Australia | Singapore |
| Tracked suppliers | 7 | 4 |
| Tracked customers | 5 | 5 |
| Chokepoint / criticality | 7/100 | 6/100 |
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 Keppel DC REIT compare
- Size: IREN is the larger company by market cap.
- Revenue: IREN reports higher tracked revenue.
- Supply-chain criticality: IREN has the higher chokepoint score (7/100 vs 6/100).
- Footprint: IREN (Australia) vs Keppel DC REIT (Singapore).
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Cite as: wafergraph, “IREN vs Keppel DC REIT”, https://wafergraph.com/compare/iren-vs-keppel_dc (data as of 2026-10-09).
Frequently asked questions3
- Is IREN bigger than Keppel DC REIT?
- IREN is larger by market cap ($14.1B vs $4.6B).
- What's the difference between IREN and Keppel DC REIT?
- IREN is a challenger in Data Center Operators (Colo) based in Australia; Keppel DC REIT is a niche in Data Center Operators (Colo) based in Singapore. Both operate in the AI & Data Center segment.
- Who are IREN's and Keppel DC REIT's suppliers?
- wafergraph tracks 7 suppliers for IREN and 4 for Keppel DC REIT.