According to Cointelegraph, U.S. District Court Judge Jamel Semper dismissed a class action lawsuit against Bitcoin mining company Iris Energy, ruling that investors who filed the lawsuit could not prove that the company had falsified statements or intentionally misled investors. The lawsuit accused Iris Energy, its executives and its underwriters (including JPMorgan Chase and Citigroup Global Markets) of violating the Securities Act and the Securities Exchange Act during its 2021 IPO.