IREN Investors Have Opportunity to Join Iris Energy Limited Fraud Investigation with the Schall Law Firm

Business Wire 1-Aug-2024 10:35 PM

The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Iris Energy Limited ("Iris" or "the Company") (NASDAQ:IREN) for violations of the securities laws.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Iris is the subject of a report published by Culper Research on July 11, 2024. According to the report, the Company "talks a big game of its [high performance computing ('HPC')] plans but ultimately seems entirely disinterested in actually doing what it takes to compete in the space," and that it "is a painfully transparent stock promotion that will unravel as investors realize [its] HPC claims are nonsense and [it] remains a cash guzzling machine."

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at bschall@schallfirm.com.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

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