Levi & Korsinsky, LLP announces that an IREN class action lawsuit has been filed on behalf of investors who purchased Iris Energy Limited (IREN) This lawsuit is on behalf of a class consisting of all persons and entities other than the defendants that purchased or otherwise acquired: (a) Iris ordinary shares pursuant and/or traceable to the documents issued in connection with the Company’s initial public offering conducted on or about November 17, 2021; and/or (b) Iris securities between November 17, 2021, and November 1, 2022, both dates inclusive. For more on the IREN Lawsuit please contact us today.

According to the Iris Energy Limited lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (i) certain of Iris’s Bitcoin miners, owned through its wholly-owned special purpose vehicles, were unlikely to produce sufficient cash flow to service their respective debt financing obligations; (ii) accordingly, Iris’s use of equipment financing agreements to procure Bitcoin miners was not as sustainable as defendants had represented; (iii) the foregoing was likely to have a material negative impact on the Company’s business, operations, and financial condition; and (iv) as a result, documents issues in connection with the Company’s initial public offering and defendants’ public statements throughout the class period were materially false and/or misleading and failed to state information required to be stated therein.

TO LEARN MORE ABOUT THE IREN CLASS ACTION LAWSUIT, CLICK HERE

If you suffered a loss in Iris Energy Limited you have until February 6, 2023, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

55 Broadway, 10th Floor

New York, NY 10006

jlevi@levikorsinsky.com

Tel: (212) 363-7500

Fax: (212) 363-7171

www.zlk.com