IREN acquires Mirantis for $625M to unlock AI compute utilization
Type: Acquisition · Technology: Data Center · Country: United States · Value: $625M · Announced: 2026-05-05
IREN agreed to acquire Mirantis for $625 million to enhance AI compute utilization across data center infrastructure. The acquisition targets Mirantis' software-defined infrastructure solutions, which are critical for managing AI workloads and GPU clusters. Mirantis' Kubernetes-based platforms and AI networking tools will integrate with IREN's existing data center portfolio, expanding its capabilities in AI infrastructure deployment. The deal is expected to close in mid-2026, pending regulatory approvals. IREN, a specialist in AI infrastructure investments, aims to leverage Mirantis' technology to accelerate AI adoption in hyperscale and enterprise data centers.