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IREN to acquire Mirantis for AI Cloud enhancement

PUBLIC · IRENMay 05, 2026

Acquiring Company

IREN

Acquired Company

Mirantis

SydneySunnyvaleInformation TechnologyEnergySoftwareArtificial IntelligenceMachine LearningInformation TechnologySoftware

Description

IREN Limited has signed a definitive agreement to acquire Mirantis, Inc. for approximately $625 million in shares. This acquisition aims to strengthen IREN's AI Cloud delivery capabilities by leveraging Mirantis's expertise in cloud infrastructure and operational support. Mirantis will continue to operate as a standalone subsidiary while enhancing IREN's existing services.

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Company Information

Company

IREN

Location

Sydney, New South Wales, Australia

About

IREN is an Australia-founded company focusing on AI cloud services. It has been transforming into a vertically integrated AI infrastructure provider. The company is known for its strategic shifts from Bitcoin mining to AI-related services. IREN aims to scale up its AI cloud capacity significantly by 2026.

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Frequently asked

Who acquired Mirantis?

Mirantis was acquired by IREN, based in Sydney. The deal was reported on May 5, 2026. IREN is an Australia-founded company focusing on AI cloud services. It has been transforming into a vertically integrated AI infrastructure provider. IREN is publicly traded (IREN) and operates in Information Technology.

When did IREN acquire Mirantis?

IREN's acquisition of Mirantis was reported on May 5, 2026. IREN Limited has signed a definitive agreement to acquire Mirantis, Inc. for approximately $625 million in shares. 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 Information Technology, and is based in Sunnyvale.

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