CLSK
CORZ
HUT
IREN
MARA
Compare. WULF, BTDR, ARBK and KEEL side by side on 8 operating figures and 26 filing figures
Operations
Definitions| Metric |  WULFTier 1 research pass, Sep 6, 2026 |  BTDRTier 1 research pass, Sep 6, 2026 |  ARBKTier 2 dossier, Sep 6, 2026 |  KEELTier 2 dossier, Sep 6, 2026 |
|---|---|---|---|---|
| Hashrate, realizedas of Dec 31, 2025 | Jul 31, 2026 | |||
| Fleet efficiencyread on different dates | Not stated | Not stated | ||
| Cost per bitcoin with depreciationeach figure is for its own period | to Jun 30, 2026 | not stated | to Dec 31, 2025 | not stated |
| Direct cost per bitcoineach figure is for its own period | to Jun 30, 2026 | not stated | to Dec 31, 2025 | over a year old |
| Bitcoin heldread on different dates | Not stated | |||
| EV per EH/sas of Sep 4, 2026 | Not stated | Not stated | ||
| Revenue per MW, annualizedas of Jun 30, 2026 | Not stated | Not stated | ||
| Months of liquidityread on different dates | Not comparable | Not stated | Not stated | Not stated |
Hashrate, realized
as of Dec 31, 2025
- BTDR
- read as of Jul 31, 2026, not Dec 31, 2025
Fleet efficiency
read on different dates
Cost per bitcoin with depreciation
each figure is for its own period
Direct cost per bitcoin
each figure is for its own period
Bitcoin held
read on different dates
- ARBK
- Not stated
EV per EH/s
as of Sep 4, 2026
Revenue per MW, annualized
as of Jun 30, 2026
Months of liquidity
read on different dates
Solid: as reported. Hatched: computed from sourced inputs. Not comparable: defined differently from the peers. A bar measures a figure against the others in its row from zero; a figure off its row's footing gets none, and a cost per bitcoin gets none, since each is the company's own definition for its own period. The pass named in a column's head read the other rows; The cost per bitcoin is read from the filings and releases themselves, as of Oct 14, 2026. Not stated means no filing, release or deck we read gives one, and over a year old means the newest one on file is too old to show, so its figure and period are given in words.
Financial statements
DefinitionsRevenue
- ARBK
- Not tagged
Net income (loss)
Cash and cash equivalents
Digital assets at fair value
Digital asset units held
Shares outstanding
Total assets
Operating income (loss)
Diluted earnings per share
Total liabilities
Stockholders' equity
- ARBK
- In review
Long-term debt
Property, plant and equipment, net
Cost of revenue
- ARBK
- No period value
Depreciation and amortization
- BTDR
- Not tagged
General and administrative expense
Cash from operations
Purchases of property and equipment
Dilution, one year (share count change)
derived
Public float
Income tax expense (benefit)
Cash from investing activities
Cash from financing activities
Cash flow after property and equipment purchases
derived
Operating margin
derived
- ARBK
- Not derivable
Net margin
derived
- ARBK
- Not derivable
The 26 filing metrics, straight from XBRL; a chip marks a cell whose period basis departs from the rest of its row, and only the cells on the row's basis get a bar.
How this table is built
Operating figures come from the research pass, except the cost per bitcoin, which is read from the stored cost rows, and a bitcoin held the pass has no count for, which is read from the stored bitcoin held row; financial-statement figures come straight from XBRL. Nothing is averaged across companies that define a figure differently. Data as of Oct 14, 2026. 5 of the 8 operational rows put figures of different dates side by side, the widest 7 months apart. A cell that departs from the date the rest of its row shares carries its own; a row where no two cells share a date says so instead. A bar measures a figure against the other chosen companies in its row, from zero; a line is the company's own series where one ends at the figure.