NASDAQ: IREN

Iris Energy Ltd.

Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of Iris Energy Ltd. (NASDAQ: IREN): (i) pursuant and/or traceable to the Offering Documents issued in connection with the Company’s 2021 initial public offering (the “IPO” or “Offering”); and/or (ii) between November 17, 2021 and November 1, 2022, both dates inclusive (the “Class Period”). The lawsuit seeks to recover damages for Iris Energy investors under the federal securities laws. If you wish to serve as lead plaintiff, you must move the Court no later than February 13, 2023. 

If you purchased Iris Energy securities during the Class Period and would like to join the action, please click “Join This Class Action.”

Class Period:Pursuant and/or traceable to the Company's IPO and/or November 17, 2021 through November 1, 2022

Deadline:

14 Days
If you purchased Iris Energy securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Details of the case:

According to the lawsuit, the IPO offering documents and defendants throughout the Class Period made materially false and/or misleading statements regarding the Company’s:

  • Bitcoin miners, owned through its Non-Recourse SPVs, were unlikely to produce sufficient cash flow to service their respective debt financing obligations;
  • accordingly, Iris’s use of equipment financing agreements to procure Bitcoin miners was not as sustainable as defendants had represented;
  •  the foregoing was likely to have a material negative impact on the Company’s business, operations, and financial condition; and
  • as a result, the IPO offering documents and defendants’ public statements throughout the Class Period were materially false and/or misleading and failed to state information required to be stated therein.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Attorney Advertising. Prior results do not guarantee a similar outcome.

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Company Name: Iris Energy Limited
Stock Symbol: IREN
Class Period: Pursuant and/or traceable to the Company's IPO and/or November 17, 2021 through November 1, 2022
Court: United States District Court District of New Jersey

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The Rosen Law Firm has been ranked among the top 4 law firms each year since 2013 for the number of successful securities class actions on behalf of investors. In 2019 alone, our firm recovered $438 million for investors.

Investors should carefully identify and select experienced counsel with a track record of success leading securities class actions. Often other firms issue press releases about class actions yet do not have comparable experience or resources.

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The Rosen Law Firm represents investors throughout the globe. Our mission is to prosecute securities fraud class actions and protect shareholders’ rights.

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