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].

NEW YORK, Nov. 14, 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=111739&from=4 CLASS PERIOD: June 23, 2023 to Jul ...

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].

Core Points - Rosen Law Firm is reminding purchasers of Iris Energy Limited securities about the December 6, 2024 lead plaintiff deadline for a securities class action lawsuit [1][3] - Investors who purchased Iris Energy securities during the specified Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2] Company Details - The lawsuit alleges that defendants made materially false and misleading statements regarding Iris Energy's prospects, particularly related to data centers and high-performance computing, due to deficiencies at the Childress County, Texas site [5] - The firm has a strong track record in securities class actions, having achieved the largest settlement against a Chinese company and being ranked No. 1 for securities class action settlements in 2017 [4][9] Next Steps for Investors - Interested investors can join the class action by visiting the provided link or contacting the firm directly for more information [3][6] - A class has not yet been certified, and investors may choose to remain absent or select their own counsel [7]

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 to be appointed as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [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].

Group 1 - The Gross Law Firm has issued a notice to shareholders of Iris Energy Limited (NASDAQ: IREN) regarding a class action lawsuit for those 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] Group 2 - The Gross Law Firm is recognized nationally for its commitment to protecting investors' rights against deceit and fraud, aiming to hold companies accountable for misleading statements that inflate stock prices [3]

Core Viewpoint - The Iris Energy Limited class action lawsuit alleges that the company and its executives made misleading statements regarding its business prospects, particularly related to data centers and high-performance computing, leading to significant stock price declines [3][4]. Group 1: Class Action Lawsuit Details - The class action lawsuit is titled Williams-Israel v. Iris Energy Limited, No. 24-cv-07046 (E.D.N.Y.), and it involves purchasers of Iris Energy 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 prospects due to deficiencies at its Texas site [3]. Group 2: Stock Price Impact - Following the release of a report by Culper Research on July 11, 2024, which criticized Iris Energy, the company's stock price fell by more than 15% [4]. Group 3: Legal Process and Representation - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased Iris Energy securities during the class period to seek lead plaintiff status [5]. - The lead plaintiff represents the interests of all class members and can choose a law firm for litigation [5]. Group 4: About Robbins Geller - Robbins Geller Rudman & Dowd LLP is a leading law firm specializing in securities fraud cases, having recovered $6.6 billion for investors in class action cases [6]. - The firm has been ranked 1 in securing monetary relief for investors for six out of the last ten years [6].