IREN Leans On NVIDIA AI Validation As SemiAnalysis Questions Its Infrastructure Claims

IREN Ltd. (IREN) said its software subsidiary, Mirantis, has completed validation of its k0rdent AI virtualization stack on Arm-based Nvidia (NVDA) GB200 systems for the Nvidia-Certified Hypervisor on Saturday.

“As an inaugural partner of the NVIDIA AI Cloud Ready Initiative, Mirantis has completed NVIDIA-Certified Hypervisor validation for k0rdent AI’s virtualization stack on Arm-based NVIDIA GB200 systems,” the firm wrote in a post on X.

The company told investors the results proved virtualized environments can deliver near bare-metal performance while maintaining customer separation at the hardware level.

This comes on the heels of a report by SemiAnalysis, a research firm, that IREN had overstated that part of its business in its annual report.

What IREN Told Investors

IREN said that engineering teams could decide between two software options -- virtualization for secure multi-tenant environments, or dedicated bare-metal clusters for maximum performance.

A hypervisor is software that partitions a single physical server into multiple isolated virtual machines, allowing multiple customers to share the same hardware. Bare metal is the practice of renting an entire physical server to a customer to run themselves.