Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Iris Energy Limited due to allegations of misleading statements regarding the company's business prospects and operations, particularly related to its data centers and high-performance computing capabilities [2][3]. Group 1: Legal Investigation and Class Action - Faruqi & Faruqi, LLP is encouraging investors who suffered losses exceeding $75,000 in Iris Energy between June 20, 2023, and July 11, 2024, to discuss their legal rights [1]. - A federal securities class action has been filed against Iris Energy, with a deadline of December 6, 2024, for investors to seek the role of lead plaintiff [2]. - The firm has a history of recovering hundreds of millions of dollars for investors since its founding in 1995 [2]. Group 2: Allegations Against Iris Energy - The complaint alleges that Iris Energy and its executives violated federal securities laws by making false and misleading statements about the company's prospects, particularly due to deficiencies at its Childress County, Texas site [3]. - The report from Culper Research indicated that Iris Energy is misrepresenting itself as a high-performance computing data center, while it is primarily a bitcoin miner [4]. - Following the release of the report, Iris Energy's stock fell by $1.70 per share, or 13.1%, closing at $11.20 per share on July 11, 2024 [4]. Group 3: Call for Information - Faruqi & Faruqi, LLP is also seeking information from whistleblowers, former employees, and shareholders regarding Iris Energy's conduct [5].

SAN DIEGO, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a shareholder filed a class action on behalf of all persons and entities who purchased or otherwise acquired Iris Energy Limited (NASDAQ: IREN) securities between June 20, 2023 and July 11, 2024. Iris describes itself as a “leading next-generation data center business powering the future of Bitcoin, AI and beyond[.]” For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003. The A ...

SAN DIEGO, Oct. 20, 2024 (GLOBE NEWSWIRE) -- The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Iris Energy Limited (NASDAQ: IREN) publicly traded securities between June 20, 2023 and July 11, 2024, both dates inclusive (the "Class Period"), have until December 6, 2024 to seek appointment as lead plaintiff of the Iris Energy class action lawsuit. Captioned Williams-Israel v. Iris Energy Limited, No. 24-cv-07046 (E.D.N.Y.), the Iris Energy class action lawsuit charges ...

Core Viewpoint - Rosen Law Firm is reminding investors who purchased securities of Iris Energy Limited during the specified Class Period of the upcoming lead plaintiff deadline for a class action lawsuit [1] Group 1: Class Action Details - The class action lawsuit against Iris Energy Limited claims that the defendants made materially false and misleading statements regarding the company's prospects and operations, particularly related to its data centers and high-performance computing [3] - Investors who purchased Iris Energy securities between June 20, 2023, and July 11, 2024, may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1][3] - The deadline to move the Court to serve as lead plaintiff is December 6, 2024 [1] Group 2: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company and being ranked No. 1 for the number of settlements in 2017 [2][5] - The firm has recovered hundreds of millions of dollars for investors, securing over $438 million in 2019 alone [2][5] - Many attorneys at Rosen Law Firm have received recognition from independent sources, enhancing the firm's credibility in representing investors [2][5]

NEW YORK, Oct. 17, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Iris Energy Limited (NASDAQ: IREN). Shareholders who purchased shares of IREN during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/iris-energy-loss-submission-form/?id=108707&from=4 CLASS PERIOD: June 23, 2023 to ...

NEW YORK, Oct. 16, 2024 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Iris Energy Limited (NASDAQ: IREN). Shareholders who purchased shares of IREN during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/iris-energy-loss-submission-form/?id=108478&from=3 CLASS PERIOD: June 23, 2023 ...

AI Cloud Services continuing to scale 1.4GW data center project energization now April 2026 SYDNEY, Oct. 16, 2024 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ: IREN) (together with its subsidiaries, "IREN") today provided a business update. AI Operations Scaling with Strong Profit Contribution IREN's AI Cloud Services division is expected to be generating approximately $32 million in annualized hardware profit by the end of December 2024, contributing approximately 10% to the company's overall earnings.1 ...

SAN DIEGO, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Iris Energy Limited (NASDAQ: IREN) publicly traded securities between June 20, 2023 and July 11, 2024, both dates inclusive (the "Class Period"), have until December 6, 2024 to seek appointment as lead plaintiff of the Iris Energy class action lawsuit. Captioned Williams-Israel v. Iris Energy Limited, No. 24-cv-07046 (E.D.N.Y.), the Iris Energy class action lawsuit charges Iris Energy and ...

Group 1 - A securities fraud lawsuit has been filed against Iris Energy Ltd and certain executives, with a focus on potential recovery for investors who have lost money [1][2] - Iris Energy is a bitcoin mining operation accused of making false claims regarding its data center's capabilities for high-performance computing [2] - Investors who purchased Iris Energy common stock between June 20, 2023, and July 11, 2024, may be eligible to participate in the lawsuit, regardless of whether they sold their shares [3] Group 2 - The deadline to seek appointment as lead plaintiff in the lawsuit is December 06, 2024, and a class has not yet been certified [4] - Whistleblowers with non-public information about Iris Energy are encouraged to assist in the investigation, with potential rewards of up to 30% of any successful recovery from the SEC [5] - Block & Leviton is recognized as a leading securities class action firm, having recovered billions for defrauded investors through litigation [6]

Core Viewpoint - A class action securities lawsuit has been filed against Iris Energy Limited, alleging securities fraud that affected investors between June 23, 2023, and July 11, 2024 [1][2]. Group 1: Lawsuit Details - The complaint claims that defendants overstated Iris Energy's prospects related to data centers and high-performance computing, primarily due to significant deficiencies at the Childress County, Texas site [2]. - As a result of these misrepresentations, statements regarding Iris Energy's business, operations, and future prospects were materially false and misleading [2]. Group 2: Investor Information - Investors who suffered losses during the specified timeframe have until December 6, 2024, to request appointment as lead plaintiff, although participation in any recovery does not require this role [3]. - Class members may be entitled to compensation without incurring any out-of-pocket costs or fees [3]. Group 3: Legal Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4].