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