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IREN Acquires Mirantis

·2026.05.09 02:31

Key point

IREN is acquiring Mirantis for $625 million to expand into a full-stack AI infrastructure offering.

Details

IREN is acquiring Mirantis in an all-stock deal worth approximately $625 million, growing its data center business into an AI cloud platform.

  • IREN holds large-scale GPU, power, and data center assets.
  • Mirantis started with OpenStack and expanded into Kubernetes, cloud-native operations, and the k0rdent AI stack, securing over 1,500 enterprise customers.
  • Combined, the two aim to sell full-stack AI infrastructure covering orchestration, observability, lifecycle management, and enterprise support.
  • Mirantis stated it will maintain its open-source stance and upstream contributions to k0rdent, Kubernetes, k0s, and OpenStack.
  • The strategic significance of this acquisition grew further after Nvidia announced a partnership with IREN to deploy up to 5GW of AI infrastructure.
data-centercloud-nativeirenmirantis
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