IREN Limited has completed its acquisition of Mirantis, Inc., a leading provider of cloud software and services. The acquisition is intended to deepen IREN's capabilities in AI workload orchestration, monitoring, and customer support, further strengthening its vertically integrated AI Cloud platform.
Key Details
- Acquisition Terms: The deal consideration included approximately 12.6 million ordinary shares and approximately $40 million in cash, restricted stock units, and other consideration.
- Strategic Rationale: The merger adds a critical software layer to IREN's existing infrastructure of data centers and compute, enabling it to offer more comprehensive AI cloud services to customers ranging from hyperscalers to enterprises.
- Closing Date: The acquisition, based on the merger agreement dated May 4, 2026, officially closed on August 3, 2026.