# Iren to Acquire OpenStack Provider Mirantis for $625M

**Published:** 2026-05-31T17:00:56.272Z  
**Topic:** Neocloud Iren Buys Openstack Champion Mirantis  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/6fa20b0d-6b55-4502-a6ee-fb33b1122f61

Neocloud provider Iren is acquiring Mirantis for $625 million in stock to enhance its bare-metal GPU and Kubernetes capabilities and accelerate AI deployments.

Neocloud provider Iren has agreed to acquire cloud infrastructure software provider Mirantis in a deal valued at $625 million [2]. The transaction, which will be paid in ordinary Iren shares, aims to strengthen the buyer's bare-metal GPU and Kubernetes stack while reducing deployment times for AI infrastructure [2].

**Key takeaways**
*   Iren is purchasing Mirantis for $625 million in a stock-based deal [2].
*   The acquisition is intended to cut deployment times for bare-metal GPU infrastructure [2].
*   Mirantis will operate as a standalone subsidiary following the deal [2].
*   The transaction is subject to regulatory approval, though a closing date was not disclosed [2].

## Integrating OpenStack and Kubernetes Expertise
Founded in the late 1990s by Boris Renski and Alex Freedland, Mirantis provides commercial

## Sources
1. Www-theregister-com — [Neocloud IREN buys OpenStack champion Mirantis](https://www-theregister-com.nproxy.org/off-prem/2026/05/07/neocloud-iren-buys-openstack-champion-mirantis/5231644)
2. Sdxcentral — [Iren buys Mirantis for $625M to strengthen bare metal... - SDxCentral](https://www.sdxcentral.com/news/iren-to-buy-mirantis-for-625m-to-strengthen-bare-metal-gpu-and-kubernetes-stack/)
3. Technewstube — [Neocloud IREN buys OpenStack champion Mirantis](https://technewstube.com/the-register/1829587/neocloud-iren-buys-openstack-champion-mirantis/)
4. Datacenterdynamics — [As Iren energizes Sweetwater and buys Mirantis](https://www.datacenterdynamics.com/en/news/nvidia-to-invest-up-to-21bn-in-neocloud-iren-funding-deployment-of-up-to-5gw-of-nvidia-dsx-aligned-compute/)

---
Cite as: TrendWatcher, "Iren to Acquire OpenStack Provider Mirantis for $625M", https://www.trendwatcher.in/article/6fa20b0d-6b55-4502-a6ee-fb33b1122f61