IREN vs Vertiv
Vertiv is larger by market cap ($108.5B vs $14.2B). Vertiv reports higher tracked revenue ($10.2B vs $501M). IREN's primary segment is Data Center Operators (Colo); Vertiv's is Power & Cooling.
Shared segment: AI & Data Center.
Side-by-side
| IREN | Vertiv | |
|---|---|---|
| Market cap | $14.2B | $108.5B |
| Revenue | $501M (FY2025) | $10.2B (FY2025) |
| Primary segment | Data Center Operators (Colo) | Power & Cooling |
| Market position | challenger | leader |
| Country | Australia | United States |
| Tracked suppliers | 7 | 0 |
| Tracked customers | 5 | 46 |
| Chokepoint / criticality | 7/100 | 91/100 |
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 Vertiv compare
- Size: Vertiv is the larger company by market cap.
- Revenue: Vertiv reports higher tracked revenue.
- Supply-chain criticality: Vertiv has the higher chokepoint score (91/100 vs 7/100).
- Footprint: IREN (Australia) vs Vertiv (United States).