Crypto Mining Firm IREN Hit With Investor Class Action Lawsuit Alleging It Overstated High-Performance Computing Operations
On October 10, crypto mining company IREN (formerly Iris Energy) was hit with a class action lawsuit from investors alleging that it misled them about its high-performance computing business.
The class action lawsuit, led by Paul Williams-Israel, was filed in federal court in New York on October 7, alleging that IREN's facility in Childerness, Texas, was falsely advertised as a data center for high-performance computing (HPC) and that it overstated its computational capabilities. The lawsuit also alleges that IREN's expansion plans and HPC strategy, as published in a June 2023 statement, contained materially false information.
IREN's co-founders and co-CEOs, brothers Daniel Roberts and William Roberts, and the company's CFO, Belinda Nucifora, are named as defendants.
Translated with DeepL.com (free version)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
DeFi studio Solido completes $800,000 funding round led by Supra
Shenzhen Component Index continues to rise in the afternoon, ChiNext Index up 4.73%
USDCTreasury burns 55 million USDC on Ethereum blockchain
Bitget has launched USDT-margined MYX perpetual contracts and simultaneously listed 3 stock-related contracts.
Trending news
MoreCrypto prices
More








