US Judge Dismisses Iris Energy Class Action

- A US district court judge has dismissed a class action lawsuit filed by investors against Bitcoin miner Iris Energy.

- The investors alleged that the company hid risks and misrepresented its 2021 IPO.

- The judge ruled that Iris does not have to disclose all the details of its loans.

- Iris Energy shares have fallen 69% since the IPO, mirroring the broader crypto market decline. 📉