IREN acquired Mirantis for approximately $625 million, a deal settled primarily through the issuance of 12.6 million IREN shares. The company registered 11.9 million of these shares for potential resale, creating a block worth about $476.3 million at the August 3 closing price. This registration removes restrictions on nearly 95% of the shares issued at closing, raising the possibility of selling pressure. IREN shares fell about 3% to $39.76 at market close. Mirantis completes IREN’s third layer of its vertically integrated AI platform by adding software used to deploy, orchestrate, monitor and support AI workloads.
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