Core Viewpoint - A securities class action lawsuit has been filed against Iris Energy Limited for allegedly making false statements regarding its business prospects during the Class Period from June 20, 2023, to July 11, 2024 [1][3]. Company Overview - Iris Energy Limited, based in Sydney, Australia, positions itself as a leading next-generation data center business focused on Bitcoin, AI, and high-performance computing (HPC) [3]. Lawsuit Details - The lawsuit claims that Iris Energy overstated its prospects related to data centers and HPC, primarily due to significant deficiencies at its Childress County, Texas site [3]. - On July 11, 2024, a report by Culper Research revealed the true state of Iris' business, accusing the company of misrepresenting its capabilities in HPC and AI applications [4]. - Following the publication of this report, Iris Energy's share price dropped by 15%, closing at $11.20 per share on the same day [5]. Investor Participation - Investors who purchased Iris Energy securities during the Class Period have until December 6, 2024, to seek appointment as lead plaintiff representatives in the class action [2].

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Iris Energy Limited securities during the specified Class Period of the upcoming lead plaintiff deadline for a securities class action lawsuit [1][5]. Group 1: Class Action Details - The Class Period for the securities of Iris Energy Limited is from June 20, 2023, to July 11, 2024 [1]. - Investors may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by December 6, 2024 [3]. Group 2: Legal Representation - Rosen Law Firm emphasizes the importance of selecting qualified counsel with a successful track record in securities class actions [4]. - The firm has achieved significant settlements, including the largest securities class action settlement against a Chinese company at the time [4][9]. - In 2019, the firm secured over $438 million for investors, showcasing its capability in recovering funds for clients [4]. Group 3: Allegations Against Iris Energy - The lawsuit alleges that Iris Energy's defendants made materially false and misleading statements regarding the company's prospects and operations, particularly related to its data centers and high-performance computing [5]. - It is claimed that these misstatements were due to deficiencies at Iris Energy's Childress County, Texas site, leading to investor damages when the truth was revealed [5].

Group 1 - The Gross Law Firm has issued a notice to shareholders of Iris Energy Limited (NASDAQ: IREN) regarding a class action lawsuit [1] - The class period for the lawsuit is from June 23, 2023, to July 11, 2024, with allegations of materially false and misleading statements made by the defendants [2] - The allegations include overstating Iris Energy's prospects related to data centers and high-performance computing due to deficiencies at the Childress County, Texas site [2] Group 2 - Shareholders are encouraged to register for the class action by December 6, 2024, to potentially become lead plaintiffs [3] - Registration allows shareholders to receive updates through portfolio monitoring software during the case lifecycle [3] - The Gross Law Firm aims to protect investors' rights and seeks recovery for losses incurred due to misleading statements or omissions by companies [4]

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 due to material deficiencies at the Childress County, Texas site [2]. - It is alleged that the statements made by the defendants regarding the company's business, operations, and 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 does not require serving in this role [3]. - Class members may be entitled to compensation without 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 extensive expertise in complex securities litigation [4]. - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the United States [4].

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Iris Energy Limited regarding a class action lawsuit due to alleged misleading statements and omissions related to the company's business prospects and operations [1][2]. Group 1: Class Action Details - The class period for the lawsuit is from June 23, 2023, to July 11, 2024 [2]. - Allegations include that defendants overstated Iris Energy's prospects related to data centers and high-performance computing, particularly due to deficiencies at the Childress County, Texas site [2]. - The lawsuit claims that the statements made by the defendants about the company's business and operations were materially false and misleading [2]. Group 2: Shareholder Actions - Shareholders are encouraged to register for the class action by December 6, 2024, to potentially be appointed as lead plaintiffs [3]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case's status [3]. - Participation in the case incurs no cost or obligation for shareholders [3]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors' rights against deceit and fraud [4]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [4].

Core Points - The Gross Law Firm has issued a notice to shareholders of Iris Energy Limited (NASDAQ: IREN) regarding a class action lawsuit for shareholders who purchased shares during the class period from June 23, 2023, to July 11, 2024 [1] - The allegations state that the defendants made materially false and misleading statements about Iris Energy's business prospects, particularly related to data centers and high-performance computing, due to deficiencies at the Childress County, Texas site [1] - Shareholders are encouraged to register for the class action by December 6, 2024, to potentially be appointed as lead plaintiff and to receive updates on the case [2] Company and Industry Summary - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors' rights against deceit and fraud in business practices [3] - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements or omissions that inflated stock prices [3]

Core Viewpoint - A securities class action lawsuit has been filed against Iris Energy Limited for allegedly making false statements regarding its business prospects during the Class Period from June 20, 2023, to July 11, 2024 [1][3]. Company Overview - Iris Energy Limited, based in Sydney, Australia, positions itself as a leading next-generation data center business focused on Bitcoin, AI, and high-performance computing (HPC) [3]. Allegations - The lawsuit claims that Iris Energy overstated its prospects related to data centers and HPC due to significant deficiencies at its Childress County, Texas site [3]. - On July 11, 2024, a report by Culper Research accused Iris of misrepresenting its capabilities as a data center for HPC and AI applications, leading to a 15% drop in share price to $11.20 [4]. Investor Information - Investors who purchased Iris Energy securities during the Class Period have until December 6, 2024, to seek appointment as lead plaintiff in the class action [2]. - A lead plaintiff represents the interests of all class members and selects legal counsel for the case [5]. Legal Representation - Berger Montague PC, a firm with extensive experience in securities class action litigation, is advising investors in this case [6].

Core Viewpoint - Iris Energy Limited (IREN) is set to release its financial results for the three months ending September 30, 2024, on November 26, 2024, and will host a conference call for investors [1]. Group 1: Financial Results Announcement - The financial results will be announced on November 26, 2024, at 5:00 p.m. New York time [1]. - A conference call will follow the announcement, allowing for a Q&A session with participants [3]. Group 2: Company Overview - IREN is a leading data center business focused on Bitcoin and AI, utilizing 100% renewable energy [3]. - The company operates Bitcoin mining with a capacity expansion to 31 EH/s in 2024 and has been operational since 2019 [4]. - IREN provides AI cloud services with 1,896 NVIDIA H100 & H200 GPUs, having started operations in 2024 [4]. - The company has 360MW of operating data centers, with plans to expand to 510MW in 2024, designed for high-performance computing [4]. - IREN has a development portfolio of 2,310MW of secured power capacity across North America and a property portfolio exceeding 1,000 acres [4]. - The company targets sites with low-cost renewable energy and supports local communities and electrical grids [4].

Core Viewpoint - The Gross Law Firm is notifying shareholders of Iris Energy Limited regarding a class action lawsuit due to alleged misleading statements and omissions related to the company's business prospects and operations [1][2]. Group 1: Class Action Details - The class period for the lawsuit is from June 23, 2023, to July 11, 2024 [2]. - Allegations include that defendants overstated Iris Energy's prospects related to data centers and high-performance computing, particularly due to deficiencies at the Childress County, Texas site [2]. - The lawsuit claims that the statements made by the defendants about the company's business and operations were materially false and misleading [2]. Group 2: Shareholder Actions - Shareholders are encouraged to register for the class action by December 6, 2024, to potentially be appointed as lead plaintiffs [3]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case's progress [3]. - Participation in the case incurs no cost or obligation for shareholders [3]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors' rights against deceit and fraud [4]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [4].

Core Viewpoint - The law firm Robbins Geller Rudman & Dowd LLP has announced a class action lawsuit against Iris Energy Limited, alleging violations of the Securities Exchange Act of 1934 due to misleading statements regarding the company's prospects and operational deficiencies [1][3]. Group 1: Lawsuit Details - The class action lawsuit is titled Williams-Israel v. Iris Energy Limited, and it covers purchasers of Iris Energy's publicly traded securities from June 20, 2023, to July 11, 2024 [1]. - Investors have until December 6, 2024, to seek appointment as lead plaintiff in the lawsuit [1]. - The lawsuit claims that Iris Energy overstated its capabilities in data centers and high-performance computing, particularly due to issues at its Childress County, Texas site [3]. Group 2: Stock Impact - Following a report from Culper Research on July 11, 2024, which criticized Iris Energy, the company's stock price dropped by over 15% [4]. Group 3: Legal Process - The Private Securities Litigation Reform Act of 1995 allows any investor who acquired Iris Energy securities during the class period to seek lead plaintiff status, representing the interests of the class [5]. - The lead plaintiff can choose a law firm to represent the class and does not need to be the lead plaintiff to share in any potential recovery [5]. Group 4: Firm Background - Robbins Geller Rudman & Dowd LLP is recognized as a leading law firm in securities fraud cases, having recovered $6.6 billion for investors in class action cases, significantly more than any other firm in recent years [6].