Iris Energy Limited (IREN) Investigation: Bronstein,

NEW YORK, July 30, 2024 (GLOBE NEWSWIRE) — Attorney Advertising – Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Iris Energy Limited (“Iris” or “the Company”) (NASDAQ: IREN). Investors who purchased Iris securities are encouraged to obtain additional information and assist in the investigation by visiting the Company’s website: bgandg.com/IREN.

Examination details

On July 11, 2024, Culper Research published a report claiming, among other things, that Iris “talks big about its high-performance computing (HPC) plans but ultimately seems completely uninterested in actually doing what it takes to compete in the space,” and that the company is “a painfully transparent stock pitch that will fall apart when investors realize (its) HPC claims are nonsense and (it) continues to be a money-wasting machine.” Culper Research’s report further states that the company’s facilities built for BTC mining “are ill-equipped to handle HPC workloads without billions of dollars in additional costs.”

On this news, Iris’s stock price fell $1.70 per share, or 13.2%, to close at $11.20 per share on July 11, 2024.

What’s next?

If you are aware of facts related to this investigation, or if you purchased securities of Iris, you may assist this investigation by visiting the firm’s website: bgandg.com/IREN. You may also contact Peretz Bronstein or his account representative Nathan Miller of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.

There are no costs for you

We represent investors in class action lawsuits on a contingency basis, meaning we ask the court to reimburse us for our expenses and attorney fees (usually a percentage of the total award) only if we win.

Why Bronstein, Gewirtz & Grossman

Bronstein, Gewirtz & Grossman, LLC is a nationally recognized law firm representing investors in securities fraud class action lawsuits and shareholder actions involving derivatives trading. Our firm has recovered hundreds of millions of dollars for investors nationwide.

Attorney advertising. Past results do not guarantee similar results.

Contact

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Nathan Miller
332-239-2660 | [email protected]