IRIS ENERGY (NASDAQ: IREN) CLASS ACTION NOTICE: Berger Montague Encourages Investors With Substantial Losses to Contact the Firm By December 6, 2024

Core Viewpoint - A securities class action lawsuit has been filed against Iris Energy Limited for allegedly making false statements regarding its business prospects during the Class Period from June 20, 2023, to July 11, 2024 [1][3]. Company Overview - Iris Energy Limited, based in Sydney, Australia, positions itself as a leading next-generation data center business focused on Bitcoin, AI, and high-performance computing (HPC) [3]. Lawsuit Details - The lawsuit claims that Iris Energy overstated its prospects related to data centers and HPC, primarily due to significant deficiencies at its Childress County, Texas site [3]. - On July 11, 2024, a report by Culper Research revealed the true state of Iris' business, accusing the company of misrepresenting its capabilities in HPC and AI applications [4]. - Following the publication of this report, Iris Energy's share price dropped by 15%, closing at $11.20 per share on the same day [5]. Investor Participation - Investors who purchased Iris Energy securities during the Class Period have until December 6, 2024, to seek appointment as lead plaintiff representatives in the class action [2].