
Core Viewpoint - A class action lawsuit has been filed against Iris Energy Limited for allegedly making false and misleading statements regarding its business prospects and operations during the specified Class Period [1][3]. Summary by Relevant Sections Lawsuit Details - The lawsuit was filed in the United States District Court for the Eastern District of New York on behalf of all individuals and entities who purchased Iris Energy securities between June 20, 2023, and July 11, 2024 [1]. - Investors have until December 6, 2024, to apply to the Court to be appointed as lead plaintiff in the lawsuit [1]. Allegations Against Iris Energy - Defendants are accused of overstating Iris Energy's prospects related to data centers and high-performance computing due to material deficiencies at the company's site in Childress County, Texas [3]. - The lawsuit claims that the statements made by the defendants regarding the company's business, operations, and prospects were materially false and misleading, lacking a reasonable basis throughout the Class Period [3]. - Investors reportedly suffered damages when the true details about the company's situation became public [3].