Bitcoin mining company IREN reports holding $2.8 billion in cash

Nasdaq listed Bitcoin mining company IREN has released its latest financial report, revealing that as of January 31, 2026, it held $2.8 billion in cash and cash equivalents. So far this fiscal year, IREN has obtained over $9.2 billion in funding through customer prepayments, convertible bonds, GPU leasing, and GPU financing, and plans to add 140000 GPUs. It is expected to achieve $3.4 billion in annual recurring revenue by the end of 2026. IREN also stated that it will gradually transition towards the field of artificial intelligence.