Class Action Filed Against Iris Energy Limited

Iris Energy Limited is facing a class action lawsuit alleging securities fraud that affected shareholders between June 23, 2023, and July 11, 2024. The complaint claims that the company overstated its prospects related to data centers and high-performance computing due to material deficiencies at its Texas site, making related statements false and misleading. A similar class action has been filed against New Fortress Energy Inc., covering the period from December 12, 2022, to August 8, 2024, where the company allegedly misrepresented its revenue outlook and downplayed risks associated with delayed Fast LNG projects. Both lawsuits are being pursued by Levi & Korsinsky LLP, a firm known for its success in securities litigation. Shareholders who experienced losses during the relevant periods are urged to participate in the lawsuits without any cost or obligation. Deadlines for lead plaintiffs are approaching, with December 6, 2024, set for Iris Energy.