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Submit Your Information for the Iris Energy Lawsuit

Lead Plaintiff Deadline is December 6, 2024.

If you purchased or acquired Iris Energy securities between June 20, 2023 and July 11, 2024, please contact Berger Montague using the form below.

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About the Case

According to the lawsuit, throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that Defendants overstated Iris’ prospects with data centers and high-performance computing (HPC), in large part as a result of material deficiencies in Iris’ Childress County, Texas site.

Investors learned the true state of Iris’ business on July 11, 2024. On that date, Culper Research published a report titled “Iris Energy Ltd (IREN): A Prius at the Grand Prix.” In the report, Culper accused the Company of being a bitcoin miner that promotes itself as an HPC “data center play,” and that it has dramatically misrepresented its strength and potential for HPC and AI application.

On this news, the price of Iris shares fell 15% to close at $11.20 per share on July 11, 2024.

Investors who purchased or acquired Iris Energy securities between June 20, 2023 and July 11, 2024, may no later than December 6, 2024, seek to be appointed as a lead plaintiff representative of the class.