IREN completes acquisition of Mirantis, closed August 3, 2026

IREN said it completed its acquisition of Mirantis, Inc., a cloud software and services provider, which closed on August 3, 2026. The deal was made under a merger agreement dated May 4, 2026 with Kube Merger Sub Inc. and Mirantis.

The share consideration was approximately 12.6 million ordinary shares, fixed at signing. Total consideration also included cash, restricted stock units and other consideration of approximately $40 million as of closing.

IREN said the acquisition deepens its capabilities in AI workload orchestration, monitoring and customer support. It said the deal supports its strategy to serve hyperscalers, enterprises and AI developers, and has already helped several of its announced and prospective AI Cloud contracts.

A prospectus supplement covers the resale from time to time by certain selling shareholders of up to 11,981,668 ordinary shares, issued to satisfy registration rights granted under the merger agreement. IREN said the open-source k0rdent AI platform will continue to be developed and supported for Mirantis customers.