Iris Energy (IREN) GlobeNewswire News Room·2024-11-04 14:06Core Viewpoint - A securities class action lawsuit has been filed against Iris Energy Ltd. for allegedly making false or misleading statements regarding its business prospects during the Class Period from June 20, 2023, to July 11, 2024 [1][2]. Company Overview - Iris Energy Ltd. is based in Sydney, Australia, and positions itself as a leading next-generation data center business focused on powering Bitcoin, AI, and other technologies [2]. Lawsuit Details - The lawsuit claims that throughout the Class Period, the defendants overstated Iris' prospects related to data centers and high-performance computing (HPC), primarily due to material deficiencies at its Childress County, Texas site [2]. - Investors who purchased IRIS securities during the Class Period can seek to be appointed as lead plaintiff representatives by December 6, 2024 [2].