Bitcoin Mining Firm IREN Reports Financial Growth and AI Transition Plans

Bitcoin mining company IREN, listed on Nasdaq, has released its latest financial report. According to PANews, the report reveals that as of January 31, 2026, the company holds $2.8 billion in cash and cash equivalents. Throughout the current fiscal year, IREN has secured over $9.2 billion through customer prepayments, convertible bonds, GPU leasing, and GPU financing. The company has announced plans to gradually transition into the artificial intelligence sector. As part of this strategy, IREN intends to add 140,000 GPUs. By the end of 2026, the firm anticipates achieving an annual recurring revenue of $3.4 billion.