[Bitcoin mining company IREN sued by investors for its AI transformation] Golden Finance reported that Nasdaq-listed Bitcoin mining company Iris Energy (IREN) is facing a class action lawsuit for allegedly exaggerating its data center's ability to transform to high-performance computing (HPC) and artificial intelligence applications. The lawsuit claims that the company's facilities in Childress, Texas lack key features such as adequate power redundancy, cooling systems, and fiber optic connections. Iris Energy's stock price fell by about 15% due to a critical report released by Culper Research. The report questioned the company's HPC claims and the suitability of its facilities. The lawsuit seeks to claim on behalf of investors who purchased Iris Energy securities between June 20, 2023 and July 11, 2024.