COMP <GO>
HUT vs IREN // OPTIONS IMPLIED MOVE & PUT/CALL SKEW
Hut 8 Corp. (NASDAQ) VS. IREN Limited (NASDAQ) • 15-METRIC TALLY: HUT 4
— IREN 6
■ METRIC PARITY
LAST: $59.40 (-10.60%) • MKT CAP: $8.19B
options-implied-move
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LAST: $23.95 (-8.76%) • MKT CAP: $10.62B
options-implied-move
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15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (HUT VS. IREN)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | HUT | IREN | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | — | — | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | -13.90% | 1.20% | -15.10 | IREN | /roic <GO> |
| EV/EBITDA & P/E Valuation | — | 18.3x | — | TIE | /valuation <GO> |
| Free Cash Flow Yield | -1.83% | -3.08% | +1.25 | HUT | /fcf-yield <GO> |
| Operating Margin | -60.00% | 3.50% | -63.50 | IREN | /operating-margins <GO> |
| Net Profit Margin | -60.00% | 17.40% | -77.40 | IREN | /net-margins <GO> |
| Revenue Growth (YoY) | 44.80% | 167.70% | -122.90 | IREN | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 0.00% | 0.00 | TIE | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | — | — | — | TIE | /balance-sheet <GO> |
| Piotroski F-Score Quality | 5/9 | 8/9 | -3.00 | IREN | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew ACTIVE | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 41.9 | 37.3 | +4.60 | HUT | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | 1.11 | 1.08 | +0.03 | HUT | /macro-sensitivity <GO> |
| Forward P/E Multiple | 36.0x | 102.6x | -66.60 | HUT | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $8.19B | $10.62B | -$2.43B | IREN | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | HUT REV | IREN REV | HUT GROSS % | IREN GROSS % | HUT FCF | IREN FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $235.1M | $501.0M | 54.2% | 68.3% | -$149.8M | -$327.6M |
| FY 2024 | $162.4M | $187.2M | — | 53.5% | -$75.8M | -$89.6M |
| FY 2023 | $82.2M | $75.5M | — | — | -$25.9M | $2.3M |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
HUT // BETA 1.11
IREN // BETA 1.08