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INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Bitfarms Ltd. - BITF

1. Pomerantz LLP investigates claims of securities fraud against Bitfarms. 2. Bitfarms revealed a material error in its financial statements requiring restatement. 3. The company's stock price dropped 6.07% following the announcement. 4. Accounting errors related to digital asset sales and warrants were identified. 5. Investors facing potential losses may join a class action lawsuit.

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FAQ

Why Very Bearish?

Restating financial statements often leads to loss of investor confidence; past cases show price drops due to similar issues.

How important is it?

Securities fraud investigations severely impact trust and investor sentiment, creating major implications for price.

Why Short Term?

Immediate investor reactions likely to affect stock price; potential for longer-term recovery if conditions improve.

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COINMARAURIOT
, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Bitfarms Ltd. ("Bitfarms" or the "Company") (NASDAQ: BITF). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980. The investigation concerns whether Bitfarms and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.  [Click here for information about joining the class action]  On December 9, 2024, Bitfarms issued a press release announcing that its consolidated financial statements for the fiscal years 2022 and 2023 contained a material error related to the classification of proceeds from digital asset sales and would need to be restated. Additionally, Bitfarms identified an accounting error concerning the redemption of warrants in 2023, prompting further adjustments.  On this news, Bitfarms' stock price fell $0.13 per share, or 6.07%, to close at $2.01 per share on December 10, 2024. Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com. Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT:Danielle PeytonPomerantz LLP[email protected]646-581-9980 ext. 7980 SOURCE Pomerantz 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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