Bitcoin mining firm IREN, listed on NASDAQ, reported holding $2.8 billion in cash and cash equivalents as of January 31, 2026. The company has raised over $9.2 billion this fiscal year through customer prepayments, convertible bonds, GPU leases, and financing. IREN plans to transition into the artificial intelligence sector, aiming to add 140,000 new GPUs and achieve $3.4 billion in annual recurring revenue by the end of 2026.