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IREN Buys Mirantis for $625M to Expand AI Cloud Platform
IREN agreed to acquire Mirantis in a roughly $625 million all-stock deal to add software and services to its AI cloud business. The move extends IREN’s shift away from being a pure-play bitcoin miner after the company raised about $3.6 billion months earlier for GPU and data center expansion. IREN said Mirantis is expected to operate as a standalone subsidiary after the deal closes.