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BITF Shareholders Have the Right to Lead the Bitfarms Ltd. Securities Lawsuit - Contact the DJS Law Group to Discuss Your Rights - BITF

1. A class action lawsuit against Bitfarms is announced for securities law violations. 2. The lawsuit involves false statements about financial reporting controls. 3. Bitfarms allegedly misclassified digital asset sales as operating activities. 4. Investors who lost money between March 2023 and December 2024 may participate. 5. The lawsuit dates suggest potential long-term implications for Bitfarms.

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FAQ

Why Very Bearish?

Class actions often lead to significant legal costs and reputational damage, which can drastically affect stock prices, similar to previous cases such as the Quest Diagnostics lawsuit where shares dropped significantly following allegations.

How important is it?

The nature of securities law violations often leads to severe penalties, impacting both future operations and share value.

Why Long Term?

The class action extends into 2025 and unresolved lawsuits can dampen investor sentiment for extended periods, affecting market confidence.

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BTCHIVEMARWRIOT
, /PRNewswire/ -- The DJS Law Group reminds investors of a class action lawsuit against Bitfarms Ltd. ("Bitfarms" or "the Company") (NASDAQ: BITF) for violations of the federal securities laws. Shareholders who purchased the Company's securities between March 21, 2023 and December 9, 2024, inclusive (the "Class Period"), are encouraged to contact the firm before July 8, 2025. CASE DETAILS:  The complaint alleges that the Company made false and misleading statements to the market concerning whether Bitfarms failed to maintain adequate controls over financial reporting. The Company incorrectly accounts for proceeds from the sale of digital assets as the result of operating activities, not investing activities. The Company overstated its remediation of material weaknesses in its internal controls. The Company misstated items in its previous financial statements due to these weaknesses. If you are a shareholder who suffered a loss, contact us to participate. WHY DJS LAW GROUP? DJS Law Group's primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics. CONTACT:David J. SchwartzDJS Law Group274 White Plains Road, Suite 1 Eastchester, NY 10709Phone: 914-206-9742Email: [email protected] SOURCE DJS Law Group LLP WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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