Iris Energy (US:IREN) Newsfilterยท2024-07-12 16:00Core Insights - Holzer & Holzer, LLC is investigating Iris Energy Limited for potential non-compliance with federal securities laws following a report by Culper Research that claims Iris Energy is not a viable player in the high-performance computing (HPC) space due to its facilities being primarily designed for Bitcoin (BTC) mining [1] - The report suggests that Iris Energy would require billions in additional costs to adapt its facilities for HPC workloads, which has led to a decline in the company's stock price [1] Company Overview - Iris Energy Limited is publicly traded on NASDAQ under the ticker IREN and is involved in the cryptocurrency mining sector, specifically Bitcoin mining [1] - The company is facing scrutiny regarding its operational capabilities and market positioning in relation to HPC [1] Legal Context - Holzer & Holzer, LLC is a law firm that represents shareholders and investors in litigation, including class action and derivative lawsuits, and has a history of recovering significant amounts for shareholders affected by corporate misconduct [3]