Bitcoin mining company IREN discloses holding $2.8 billions in cash in financial report

Nasdaq-listed bitcoin mining company IREN has released its latest financial report, disclosing that as of January 31, 2026, it held $2.8 billion in cash and cash equivalents. So far this fiscal year, IREN has raised over $9.2 billion through customer prepayments, convertible bonds, GPU leasing, and GPU financing, and plans to add 140,000 new GPUs, aiming to achieve $3.4 billion in annual recurring revenue by the end of 2026. IREN also stated that it will gradually transition towards the artificial intelligence sector.