NEW YORK, Dec. 07, 2022 (GLOBE NEWSWIRE) — Pomerantz LLP announces that a class action lawsuit has been filed against Iris Energy Limited IRISH, and certain officers and directors. The Class Action, filed in the United States District Court for the District of New Jersey and registered at 22-cv-07137, is brought on behalf of a class consisting of all persons and entities other than the defendants who purchased or otherwise purchased have acquired: (a ) Iris common stock pursuant to and/or traceable to the offering materials (defined below) issued in connection with the Company’s initial public offering on or about November 17, 2021 (the “IPO” or the “Offering”) became; and/or (b) Iris Securities between November 17, 2021 and November 1, 2022, both dates inclusive (the “Collection Period”). Plaintiff is pursuing claims against Defendants under the Securities Act of 1933 (the “Securities Act”) and the Securities Exchange Act of 1934 (the “Exchange Act”).

If you are a shareholder who purchased or otherwise acquired Iris common stock pursuant to and/or traceable to the offering materials issued in connection with the Company’s IPO and/or Iris securities during the class action period, you have until February 6, 2023 to request that the court appoint you as lead plaintiff in the class action. A copy of the complaint is available at www.pomerantzlaw.com. To discuss this promotion, contact Robert S. Willoughby at newaction@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll-free, ext. 7980. Persons inquiring by email are asked to provide their mailing address, telephone number and the number of shares purchased.

[Click here for information about joining the class action]

Iris bills itself as a leading owner and operator of high-efficiency, proprietary, institutional-level bitcoin mining data centers powered by 100% renewable energy.

Iris’ bitcoin mining operations reportedly generate revenue by mining bitcoin through a combination of block rewards and transaction fees from operating specialized…