Bitcoin Mining Firm IREN to Acquire Cloud Infrastructure Provider Mirantis for $625 Million

Bitcoin mining company IREN has signed a definitive agreement to acquire cloud infrastructure service provider Mirantis for approximately $625 million, paid in IREN common stock. According to Foresight News, this acquisition aims to enhance IREN's capabilities in deploying, managing, and operating AI cloud services. Following the completion of the acquisition, Mirantis will continue to serve its existing customers as an independent subsidiary while fully supporting IREN's AI cloud initiatives. The transaction is subject to customary regulatory approvals and other conditions.