Bitcoin mining company IREN financial report: Cash and cash equivalents reached $2.8 billions at the end of January
PANews, February 7th – According to Globenewswire, Nasdaq-listed bitcoin mining company IREN has released its latest financial report, disclosing that as of January 31, 2026, it held $2.8 billion in cash and cash equivalents. So far this fiscal year, it has raised over $9.2 billion through customer prepayments, convertible bonds, GPU leasing, and GPU financing. The company revealed it will gradually transition into the artificial intelligence sector and plans to add 140,000 GPUs, expecting to achieve $3.4 billion in annual recurring revenue by the end of 2026.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Nvidia (NVDA.US) further strengthens AI infrastructure by investing $2 billion in Brookfield (BAM.US) Global AI Fund, which aims to raise $10 billion.
Nvidia has invested $2 billion in the Global Artificial Intelligence Infrastructure Fund under Brookfield Asset Management.
LCNB Chief Wealth Officer Michael Miller to Retire
Loop Industries to Evaluate Alternatives, India Joint Venture Financing
Crypto prices
More
