IREN ACQUIRES MIRANTIS FOR $625M IN STOCK

The acquisition combines IREN's AI infrastructure capabilities with Mirantis' containerization and enterprise operations expertise. Mirantis provides Kubernetes management tools that help organizations deploy and manage containerized applications at scale. The deal enables IREN to enhance its platform for converting deployed GPUs into revenue-generating AI infrastructure. By integrating Mirantis' software, IREN can offer customers more comprehensive tools for managing complex cloud deployments alongside its data center operations. Kubernetes has become a standard for container orchestration across enterprises. Mirantis brings established relationships and technology that complement IREN's focus on AI-specific infrastructure needs. The stock-based transaction reflects the current valuation of both companies. The acquisition is expected to close subject to customary closing conditions and regulatory approvals.