#Bitcoin Miner IREN Faces Lawsuit Over Alleged Misrepresentation of Computing Capabilities

$BTC miner Iris Energy is facing a class-action lawsuit that accuses the company of overstating its computing capabilities and misleading investors regarding its prospects in high-performance computing (HPC). The lawsuit, filed in the Eastern District of New York on October 7, targets shareholders who purchased #IREN securities between June 20, 2023, and July 11, 2024.