IREN to Acquire Mirantis in $625M Deal to Expand AI Cloud Software Stack
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Key Takeaways
- IREN will acquire Mirantis for approximately $625 million in ordinary shares to enhance its AI Cloud infrastructure and management capabilities.
- Mirantis will operate as a standalone subsidiary, contributing its k0rdent AI platform and enterprise support expertise to IREN’s GPU-based compute services.
IREN said Tuesday it will acquire cloud infrastructure and Kubernetes software company Mirantis in a stock deal valued at about $625 million, marking a deeper push by the company into software and enterprise AI services as competition intensifies in the AI cloud market.
The deal expands IREN’s ambitions beyond building power-intensive data centers and deploying GPUs, moving the company further up the AI infrastructure stack into software orchestration, cloud management and enterprise support services.
Mirantis, which has more than 1,500 enterprise customers globally, is known for its Kubernetes and open-source cloud infrastructure offerings. The company is also a founding Independent Software Vendor partner in NVIDIA’s AI Cloud Ready Initiative. Its k0rdent AI platform is designed to manage AI infrastructure across bare-metal servers, virtual machines and Kubernetes environments.
IREN said the acquisition would strengthen four main areas of its AI cloud business: deployment capabilities, operational monitoring, customer support and enterprise market access. Mirantis will continue operating as a standalone subsidiary after the transaction closes.
