**Crypto Mining Firm IREN Sued for Alleged Misleading HPC Claims**

- IREN, formerly Iris Energy, faces a class-action lawsuit from investors, claiming the company exaggerated its high-performance computing (HPC) capabilities.

- The suit alleges IREN's Childress, Texas, facility was falsely promoted as HPC-ready, leading to "artificially inflated" share prices.

- Investors argue they were misled by a June 2023 statement about the site's expansion and HPC strategy.

- IREN's air cooling design, supposedly tested only in cooler climates, also came under fire.

- Despite the lawsuit, IREN's share price is up 10.44% year to date. 🚀