IRIS ENERGY LIMITED ANNOUNCEMENT: If You Have Suffered Losses in Iris Energy Limited (NASDAQ: IREN), You Are Encouraged to Contact The Rosen Law Firm About Your Rights

Core Viewpoint - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of Iris Energy Limited (NASDAQ: IREN) due to allegations of materially misleading business information issued by the company [1]. Group 1: Investigation and Allegations - The investigation is prompted by a report from Culper Research, which took a short position in IREN, claiming that the company misrepresents itself as a high-performance computing data center while remaining a "cash guzzling machine" [3]. - Following the report, IREN's stock price dropped by $1.70, or 13.1%, closing at $11.20 per share on July 11, 2024 [3]. Group 2: Class Action Details - Investors who purchased IREN securities may be entitled to compensation through a class action lawsuit, with no out-of-pocket fees or costs due to a contingency fee arrangement [2]. - Interested investors can join the class action by submitting a form or contacting the Rosen Law Firm directly [2]. Group 3: Rosen Law Firm's Credentials - The Rosen Law 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]. - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [4].