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AI data center operator IREN Ltd. has announced an agreement to acquire infrastructure management software provider Mirantis Inc. in an all-stock transaction valued at $625 million. IREN, formerly known as the bitcoin mining startup Iris Energy, shifted its focus to AI infrastructure in early 2024 and aims to utilize Mirantis’ technology to accelerate the deployment of customer workloads on its cloud platform.
Mirantis, historically recognized for its work with OpenStack, currently focuses on its k0rdent platform, which assists administrators in managing Kubernetes clusters. According to IREN, the acquisition will provide access to Mirantis’ installed base of over 1,500 enterprises and enhance its service delivery capabilities. Mirantis leadership has stated that the company will continue its contributions to open-source projects, including k0rdent and Kubernetes, following the acquisition.
IREN Ltd. is acquiring Mirantis Inc. in an all-stock deal worth $625 million.
IREN rebranded from a bitcoin mining company to an AI infrastructure operator in early 2024.
The acquisition provides IREN with Mirantis' k0rdent platform, which is designed for managing Kubernetes clusters and AI-specific infrastructure tasks.
Mirantis maintains an installed base of more than 1,500 enterprise customers.
Mirantis leadership confirmed that its existing open-source projects will remain open source following the transaction.
IREN is an AI data center operator that provides a public cloud platform and custom AI data center solutions for customers.
Mirantis' flagship product is k0rdent, a platform that enables administrators to manage multiple Kubernetes clusters through a centralized interface.
Yes, Mirantis CTO Shaun O’Meara stated that the company's contributions to projects like k0rdent, Kubernetes, and OpenStack will continue and remain open source.
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