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via The Block · By The Block Editorial

IREN snaps up Mirantis in $625 million all-stock deal to round out its AI cloud platform

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The Block Editorial
(03:43 PM UTC)
1 min read
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Reviewed bySarah Chen

IREN Limited agreed to acquire Mirantis on Tuesday in an all-stock deal valued at roughly $625 million. The deal adds a software and services layer to its AI cloud business as the company pivots away from being a pure-play bitcoin miner.

Mirantis specializes in cloud infrastructure software and Kubernetes-based tools that help companies "automate the deployment, scaling, and management of…

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