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Bitcoin Correlation Cosmos

IREN Limited (IREN) Bitcoin Correlation

IREN Limited (IREN) closed at $40 with a correlation to bitcoin of 0.24, which is very weak positive correlation. That figure is measured on 90 days of daily returns as of Aug 26, 2026, and it moves as the window rolls forward.

IREN Limited operates bitcoin mining data centres and has moved capacity toward AI compute, so part of its business no longer depends on bitcoin at all.

Correlation measures whether two prices moved together, not whether one caused the other and not by how much. A company can hold bitcoin and still track it loosely, and a company that holds none can track it closely because both respond to the same conditions.

IREN on Aug 26, 2026Correlation measured on 90 days of daily returns.
Correlation to BTC
0.24
Strength
Very weak positive correlation
Price
$40
Market Cap
$8.70B
Priced in BTC
50,130 sats
Cyber System • 9 AssetsBTC is the sun • size = market cap • distance from BTC = trailing 90-day return correlation
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IREN Correlation ClockTrailing 90-day correlation to bitcoin, one point per month
Mkt Cap –BTC Corr –
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IREN PriceIREN
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