AcquisitionsAug 4, 2026, 07:22 AM
IREN Completes Mirantis Acquisition for AI Cloud Platform
AI Summary
IREN Limited announced the completion of its acquisition of Mirantis, Inc., a leading provider of cloud software and services. The acquisition involved the issuance of approximately 12.6 million ordinary shares, along with cash, restricted stock units, and other consideration totaling about $40 million. This strategic move aims to strengthen IREN's vertically integrated AI Cloud platform by enhancing its AI workload orchestration, monitoring, and customer support capabilities. Mirantis brings a strong track record with over 1,500 enterprise customers and is a partner in the NVIDIA AI Cloud Ready Initiative.
Key Highlights
- Acquisition of Mirantis, Inc. completed on August 4, 2026.
- Consideration included approximately 12.6 million ordinary shares.
- Additional consideration of approximately $40 million in cash, RSUs, and other items.
- Acquisition strengthens IREN's vertically integrated AI Cloud platform with software layer.
- Mirantis brings deep software engineering expertise and over 1,500 enterprise customers.
- Mirantis is an inaugural partner of the NVIDIA AI Cloud Ready Initiative.
- Prospectus supplement filed for resale of 11,981,668 shares related to the acquisition.
Price Impact
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