AcquisitionsMay 5, 2026, 07:03 AM
IREN to Acquire Mirantis for $625M to Enhance AI Cloud Services
AI Summary
IREN Limited announced a definitive agreement to acquire Mirantis, Inc., a cloud infrastructure and Kubernetes orchestration provider, for approximately $625 million in IREN ordinary shares. This acquisition aims to strengthen IREN's AI Cloud services by enhancing deployment, operational visibility, customer support, and market access. Mirantis will continue to operate as a standalone subsidiary, serving its existing customer base while supporting IREN's AI Cloud deployments.
Key Highlights
- IREN Limited signed a definitive agreement to acquire Mirantis, Inc.
- Mirantis is a provider of cloud infrastructure, Kubernetes-based orchestration, and enterprise support services.
- The acquisition is valued at approximately $625 million, to be paid in IREN ordinary shares.
- Mirantis has a track record of serving over 1,500 enterprise customers globally.
- Mirantis' k0rdent AI platform manages AI infrastructure across bare metal, virtual machines, and Kubernetes.
- The acquisition is expected to enhance IREN's platform in deployment capability, operational visibility, customer support, and market access.
- Mirantis will operate as a standalone subsidiary, supporting existing customers and IREN's AI Cloud deployments.