🟢 IREN is trading 4.39% up today on its $625 million acquisition of Mirantis

IREN is trading at $51.65 (+4.39%) following the announcement of a definitive agreement to acquire cloud provider Mirantis for approximately $625 million in an all-stock transaction.

• The acquisition integrates Mirantis's cloud infrastructure and Kubernetes expertise to bolster IREN's AI Cloud services, representing a strategic expansion in the competitive AI infrastructure market.
• Upside momentum is further supported by broader market strength, with the NASDAQ Composite up 0.97% and major cryptocurrencies rallying, including Bitcoin (+1.92%) and Ethereum (+1.28%).