IREN vs Nebius Group
Nebius Group is larger by market cap ($49.1B vs $14.2B). Nebius Group reports higher tracked revenue ($530M vs $501M). IREN's primary segment is Data Center Operators (Colo); Nebius Group's is GPU Clouds (Neoclouds).
Shared segment: AI & Data Center.
Side-by-side
| IREN | Nebius Group | |
|---|---|---|
| Market cap | $14.2B | $49.1B |
| Revenue | $501M (FY2025) | $530M (FY2025) |
| Primary segment | Data Center Operators (Colo) | GPU Clouds (Neoclouds) |
| Market position | challenger | challenger |
| Country | Australia | Netherlands |
| Tracked suppliers | 7 | 4 |
| Tracked customers | 5 | 1 |
| Chokepoint / criticality | 7/100 | 1/100 |
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 Nebius Group compare
- Size: Nebius Group is the larger company by market cap.
- Revenue: Nebius Group reports higher tracked revenue.
- Supply-chain criticality: IREN has the higher chokepoint score (7/100 vs 1/100).
- Footprint: IREN (Australia) vs Nebius Group (Netherlands).