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Bitfarms Ltd. Announcement: If You Have Suffered Losses in Bitfarms Ltd.

1. Rosen Law Firm investigates misleading information by Bitfarms Ltd. 2. Shareholders may qualify for compensation in a class action lawsuit. 3. Bitfarms restated financial statements for 2022 and 2023 due to errors. 4. Stock price dropped 6% following previous financial statement restatements. 5. Investors encouraged to seek experienced legal counsel for claims.

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FAQ

Why Bearish?

The investigation into misleading information and a recent price drop indicates negative sentiment. Historical precedents show that such investigations often lead to further declines in stock prices.

How important is it?

The investigation by a well-known firm and the potential for class action can significantly cloud BITF's market position. The volatility surrounding BITF's disclosures may impact investor confidence.

Why Short Term?

The immediate negative perception from the market may continue to affect BITF's stock in the near term. Previous similar cases have seen stocks hit hard initially, with recovery only after legal clarity.

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NEW YORK, March 20, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Bitfarms Ltd. (NASDAQ: BITF) resulting from allegations that Bitfarms may have issued materially misleading business information to the investing public. SO WHAT: If you purchased Bitfarms securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses. WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=36921 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. WHAT IS THIS ABOUT: On December 9, 2024, after the market closed, Bitfarms issued a press release entitled “Bitfarms Announces Restatement of Previously Issued Financial Statements.” In this press release, Bitfarms announced that it had “determined that its previously issued consolidated financial statements for the fiscal years ended December 31, 2023 and 2022 [. . .] should be restated to correct a material error in the classification of proceeds derived from the sale of digital assets.” Bitfarms further announced that it is “also restating its financials to adjust for an error in the accounting for the redemption of warrants in 2023.” On this news, the price of Bitfarms stock fell 6% on December 10, 2024. WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers. Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/. Attorney Advertising. Prior results do not guarantee a similar outcome. Contact Information:         Laurence Rosen, Esq.        Phillip Kim, Esq.        The Rosen Law Firm, P.A.        275 Madison Avenue, 40th Floor        New York, NY 10016        Tel: (212) 686-1060        Toll Free: (866) 767-3653        Fax: (212) 202-3827        case@rosenlegal.com        www.rosenlegal.com

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