Bitcoin miner IREN overstated its compute ability and prospects, says lawsuit
An investor in IREN, formerly Iris Energy, sued the crypto miner, accusing it of overstating its high-performance computing ability and business prospects.
https://image.nostr.build/f799ef6dbbeca58610592df4bbf447ebebb7f11ce7a3cf2f8b8eaa38b3a8ef69.jpg
*Excerpt from Williams-Israel’s class action complaint against IREN. Source: CourtListener*
The plaintiffs argue that the statements made by IREN were materially false and misleading, as they exaggerated the company's actual computing capabilities and overall business outlook . Following the release of a critical report that highlighted these discrepancies, IREN's stock price reportedly fell by approximately 15%
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Your post raises some important questions, and I'm interested in seeing how the conversation unfolds."
Your post raises some important questions, and I'm interested in seeing how the conversation unfolds."
Your post raises some important questions, and I'm interested in seeing how the conversation unfolds."
Your post raises some important questions, and I'm interested in seeing how the conversation unfolds."
Your post raises some important questions, and I'm interested in seeing how the conversation unfolds."
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