Soluna (NASDAQ:SLNH – Get Free Report) and Iris Energy (NASDAQ:IREN – Get Free Report) are both small-cap business services companies, but which is the superior business? We will compare the two businesses based on the strength of their dividends, institutional ownership, profitability, valuation, analyst recommendations, risk and earnings.
Institutional and Insider Ownership
23.2% of Soluna shares are owned by institutional investors. Comparatively, 41.1% of Iris Energy shares are owned by institutional investors. 27.3% of Soluna shares are owned by insiders. Comparatively, 21.6% of Iris Energy shares are owned by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company will outperform the market over the long term.
Profitability
This table compares Soluna and Iris Energy’s net margins, return on equity and return on assets.
| Net Margins | Return on Equity | Return on Assets | |
| Soluna | -75.30% | -45.29% | -24.41% |
| Iris Energy | N/A | N/A | N/A |
Volatility and Risk
Analyst Recommendations
This is a summary of recent recommendations and price targets for Soluna and Iris Energy, as provided by MarketBeat.com.
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| Soluna | 0 | 0 | 0 | 0 | 0.00 |
| Iris Energy | 0 | 1 | 9 | 1 | 3.00 |
Iris Energy has a consensus price target of $15.44, indicating a potential upside of 48.36%. Given Iris Energy’s stronger consensus rating and higher probable upside, analysts plainly believe Iris Energy is more favorable than Soluna.
Earnings and Valuation
This table compares Soluna and Iris Energy”s gross revenue, earnings per share and valuation.
| Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
| Soluna | $21.07 million | 1.55 | -$29.20 million | ($14.56) | -0.27 |
| Iris Energy | $188.76 million | 10.36 | -$28.95 million | N/A | N/A |
Iris Energy has higher revenue and earnings than Soluna.
Summary
Iris Energy beats Soluna on 12 of the 13 factors compared between the two stocks.
About Soluna
Soluna Holdings, Inc. together with its subsidiaries, engages in the mining of cryptocurrency through data centers. It operates through two segments, Cryptocurrency Mining and Data Center Hosting. The company also operates in the blockchain business. In addition, the company develops and builds modular data centers that use for cryptocurrency mining. Further, it provides data center hosting services, including electrical power and network connectivity to cryptocurrency mining customers. The company was formerly known as Mechanical Technology Inc and as changed to Soluna Holdings, Inc. Soluna Holdings, Inc. was incorporated in 1961 and is headquartered in Albany, New York.
About Iris Energy
Iris Energy Limited owns and operates bitcoin mining data centers. The company was incorporated in 2018 and is headquartered in Sydney, Australia.
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