IREN Ltd., a cloud infrastructure provider formerly focused on bitcoin mining, announced plans to acquire Mirantis for $625 million. Mirantis provides open source OpenStack and Kubernetes distributions and recently launched the k0rdent AI platform, which offers a unified control plane for managing bare metal, VMs, and Kubernetes environments. The acquisition aims to reduce friction for IT teams deploying AI workloads at scale, optimize GPU utilization, and lower total infrastructure costs. Mirantis will operate as an independent subsidiary while continuing to serve its 1,500+ existing customers.
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