Iris Energy (IREN), a Bitcoin mining firm, is facing a class-action lawsuit from investors who claim it misrepresented its operational capabilities and future prospects. The lawsuit highlights significant allegations regarding IREN’s Childress, Texas facility, marketed as a high-performance computing (HPC) center but described as inadequately equipped. The class-action lawsuit, targeting IREN for allegedly overstating the capabilities of its Childress facility, is spearheaded by investor Paul Williams-Israel and filed in a New York federal court.
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