# IREN acquires Mirantis in $625M deal

**Published:** 2026-05-31T17:00:56.272Z  
**Topic:** Neocloud Iren Buys Openstack Champion Mirantis  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/b705118b-698c-4e6b-abf5-b630803346a6

AI data center operator IREN is buying infrastructure software provider Mirantis for $625 million in an all-stock transaction to boost AI workload deployment.

Artificial intelligence data center operator IREN Ltd. has announced plans to acquire infrastructure management software provider Mirantis Inc. in an all-stock transaction valued at $625 million [2]. The acquisition marks a significant evolution for IREN, which originally launched in 2018 as an Australian bitcoin mining startup called Iris Energy before rebranding in early 2024 to focus on AI infrastructure [2].

**Key takeaways**
*   IREN is acquiring Mirantis for $625 million in an all-stock transaction [2].
*   The buyer transitioned from bitcoin mining to AI data center operations in early 2024 [2].
*   Mirantis provides the k0rdent platform for managing Kubernetes clusters and AI workloads [2].
*   IREN claims the acquisition will accelerate workload deployment and create upselling opportunities [2].

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## 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. SiliconANGLE — [AI data center operator IREN to acquire Mirantis for $625M](https://siliconangle.com/2026/05/05/ai-data-center-operator-iren-acquire-mirantis-625m/)
3. Technewstube — [Neocloud IREN buys OpenStack champion Mirantis](https://technewstube.com/the-register/1829587/neocloud-iren-buys-openstack-champion-mirantis/)

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Cite as: TrendWatcher, "IREN acquires Mirantis in $625M deal", https://www.trendwatcher.in/article/b705118b-698c-4e6b-abf5-b630803346a6