Bitcoin mining company IREN reached $2.8 billion in cash and equivalents at the end of January

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, the company has raised over $9.2 billion through customer prepayments, convertible bonds, GPU leasing, and GPU financing, and plans to gradually transition into the field of artificial intelligence, adding 140000 GPUs. It is expected to achieve annual recurring revenue of $3.4 billion by the end of 2026.