Iris Energy Ltd
Investors that purchased the Company’s securities and have suffered a loss, please fill in transaction information below, or email to firstname.lastname@example.org.
There is no cost or obligation associated with submitting your information. If you are a shareholder who suffered a loss, please submit your contact information and purchase information to participate in the putative class action.
We also encourage you to contact Lesley F. Portnoy of The Portnoy Law Firm, at 310.692.8883, to discuss your rights free of charge. You can also reach us through the firm’s website at www.portnoylaw.com, or by email at email@example.com.
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The Portnoy Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
Portnoy Law Firm
Lesley F. Portnoy, Esq.,
1800 Century Park East, Suite 600
Los Angeles, CA 90067
The lawsuit alleges that the defendants and the IPO offering documents made false or misleading statements and did not disclose the following information: (1) some of Iris’s Bitcoin miners, which were held through its Non-Recourse SPVs, would not generate enough cash flow to pay off their debt financing, (2) as a result, Iris’s use of equipment financing agreements to acquire Bitcoin miners was not as sustainable as the defendants had claimed, (3) this would have a significant negative effect on the company’s operations, business and financial condition, and (4) thus, the IPO offering documents and the defendants’ public statements were not accurate and did not include all the required information. The lawsuit further claims that investors suffered losses when the true information became public.