IREN vs Oracle
IREN's primary segment is Data Center Operators (Colo); Oracle's is Hyperscalers. Oracle is larger by market cap ($431.4B vs $16.5B). Oracle reports higher tracked revenue ($67.4B vs $707M).
Shared segment: AI & Data Center.
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Side-by-side
| IREN | Oracle | |
|---|---|---|
| Market cap | $16.5B | $431.4B |
| Revenue | $707M (FY2026) | $67.4B (FY2026) |
| Primary segment | Data Center Operators (Colo) | Hyperscalers |
| Market position | challenger | major |
| Country | Australia | United States |
| Tracked suppliers | 7 | 70 |
| Tracked customers | 5 | 3 |
| Chokepoint / criticality | 7/100 | 3/100 |
Market caps/revenue from the wafergraph dataset · data as of 2026-10-04. Criticality is a graph-derived chokepoint score (0–100). Coverage is partial; "Unpriced" means no reliable market cap.
How IREN and Oracle compare
- Size: Oracle is the larger company by market cap.
- Revenue: Oracle reports higher tracked revenue.
- Supply-chain criticality: IREN has the higher chokepoint score (7/100 vs 3/100).
- Footprint: IREN (Australia) vs Oracle (United States).
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Cite as: wafergraph, “IREN vs Oracle”, https://wafergraph.com/compare/iren-vs-oracle (data as of 2026-10-04).
Frequently asked questions3
- Is IREN bigger than Oracle?
- Oracle is larger by market cap ($431.4B vs $16.5B).
- What's the difference between IREN and Oracle?
- IREN is a challenger in Data Center Operators (Colo) based in Australia; Oracle is a major in Hyperscalers based in United States. Both operate in the AI & Data Center segment.
- Who are IREN's and Oracle's suppliers?
- wafergraph tracks 7 suppliers for IREN and 70 for Oracle; Oracle's include NVIDIA, AMD, Ampere Computing.