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IREN acquires cloud-software firm Mirantis
PUBLIC · IRENAug 06, 2026•3 days ago
Acquiring Company
IREN
Acquired Company
Mirantis
TexasCampbellSoftware
Description
IREN closed its acquisition of Mirantis, issuing 12.6 million shares and $40 million in cash. The acquisition will enhance IREN's software capabilities and bolster its cloud offerings. Investors are concerned about potential dilution from the share issuance. This acquisition forms part of IREN's strategy to pivot towards AI infrastructure.
Company Information
Company
IREN
Location
Texas, United States
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.
Texas