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IREN acquires Mirantis for $625 million

PUBLIC · IRENAug 16, 2026about 3 hours ago

Acquiring Company

IREN Limited

Acquired Company

Mirantis

SydneyCampbellEnergySoftwareSoftware

Description

IREN Limited has announced the acquisition of Mirantis in a $625 million all-stock deal. This acquisition is expected to enhance IREN's software, engineering, and customer support capabilities. Mirantis will operate as a standalone unit while continuing to support its existing customer base. The deal aims to accelerate the rollout of AI infrastructure and improve various operational aspects.

Company Information

Company

IREN Limited

Location

Sydney, New South Wales, Australia

About

IREN Limited is a public company listed on NASDAQ (NASDAQ: IREN) with the Australian Company Number (ACN) 629 842 799. The company is involved in the energy sector.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

Frequently asked

Who acquired Mirantis?

Mirantis was acquired by IREN Limited, based in Sydney. The deal was reported on August 16, 2026. IREN Limited is a public company listed on NASDAQ (NASDAQ: IREN) with the Australian Company Number (ACN) 629 842 799. The company is involved in the energy sector. IREN Limited is publicly traded (IREN) and operates in Energy.

When did IREN Limited acquire Mirantis?

IREN Limited's acquisition of Mirantis was reported on August 16, 2026. IREN Limited has announced the acquisition of Mirantis in a $625 million all-stock deal. This acquisition is expected to enhance IREN's software, engineering, and customer support capabilities. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Mirantis do?

Mirantis helps organizations ship code faster on public and private clouds. The company provides a public cloud experience on any infrastructure from the data center to the edge. It is privately held, operating in Software, and is based in Campbell.

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