Overview
- IREN, which announced a definitive agreement Tuesday, will buy Mirantis in an all-share deal valued at about $625 million, pending regulatory approvals and closing conditions.
- Mirantis will continue as a standalone subsidiary so it can keep serving its current clients while helping IREN roll out AI Cloud services.
- Mirantis adds cloud software used to run AI jobs, including Kubernetes-based orchestration, enterprise support teams, and the k0rdent platform that manages GPUs across bare metal, virtual machines, and Kubernetes.
- IREN says the combination will speed workload deployment, improve monitoring and performance visibility, strengthen technical support, and broaden access to enterprise customers.
- Shares rose after the announcement, while IREN cautioned that the benefits depend on securing approvals and integrating Mirantis effectively.