ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Iris Energy Limited Investors to Inquire About Securities Class Action Investigation – IREN

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: Legal Action and Investor Rights - Investors who purchased IREN securities may be entitled to compensation through a class action lawsuit without any out-of-pocket fees, facilitated by a contingency fee arrangement [2] - The Rosen Law Firm is preparing a class action to seek recovery of investor losses related to IREN [2] Group 2: Company Performance and Market Reaction - On July 11, 2024, Culper Research issued a report taking a short position in IREN, labeling it as a "painfully transparent stock promotion" and questioning the validity of its high-performance computing claims [3] - Following the report, IREN's stock price fell by $1.70 per share, or 13.1%, closing at $11.20 per share on the same day [3] Group 3: Rosen Law Firm's Credentials - The 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 [4] - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [4]