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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.

PANews, February 7th – According to CoinDesk, after experiencing a sharp sell-off, the crypto market saw a phase of recovery, rebounding above $65,000 after hitting its lowest level since October 2024. Ethereum also recovered from a low of around $1,750 to near $1,900. On the macro level, overall pressure on risk assets remains the main backdrop. Recently, tech stocks have weakened and risk appetite has declined, while precious metals and crypto assets have fluctuated in tandem, further intensifying the market's deleveraging process. However, panic sentiment has not fully dissipated. Previously, the options market saw extreme protective buying, with some traders even positioning for put options with strike prices as low as $20,000, indicating the market is still hedging against extreme tail risks. Overall, this round of sharp declines is more of a phase of recovery after leverage clearing and contraction in risk appetite. A short-term technical rebound may have already occurred, but the medium-term trend still depends on macro liquidity, tech stock performance, and institutional capital flows.

PANews reported on February 7 that, according to Globenewswire, the publicly listed bitcoin mining company DMG Blockchain disclosed a mining output of 23 BTC in January. The company's current bitcoin holdings have increased to 414 BTC, and its average hashrate has risen to 1.69 EH/s. In addition, the company revealed it has received a $1.5 million energy efficiency reward, which will be used to deploy the Christina Lake data center construction.