The new ternary transition metal borides Mn3‐xIr5B2+x (0≤x≤0.5) and Mn2IrB2 were synthesized from the elements under high temperature and high‐pressure/high‐temperature conditions. Both phases can be synthesized as powder samples in a radio‐frequency furnace in argon atmosphere. High‐pressure/high‐temperature conditions were used to grow single‐crystals. The phases represent the first ternary compounds within the system Mn–Ir–B. Mn3−xIr5B2+x (0≤x≤0.5) crystallizes in the Ti3Co5B2 structure type (P4/mbm; no. 127) with parameters a=9.332(1), c=2.896(2) Å, and Z=2. Mn2IrB2 crystallizes in the β‐Cr2IrB2 crystal structure type (Cmcm; no. 63) with parameters a=3.135(3), b=9.859(5), c=13.220(3) Å, and Z=8. The compositions of both compounds were confirmed by EDX measurements and the compressibility was determined experimentally for Mn3−xIr5B2+x and by DFT calculations for Mn2IrB2