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

1. Investigation into Bitfarms for potential securities fraud launched by Pomerantz LLP. 2. Past financial statements revealed material errors requiring restatement for 2022 and 2023. 3. Stock price fell 6.07% to $2.01 following the news of accounting errors. 4. Bitfarms may face significant legal challenges from affected investors. 5. Pomerantz LLP is a reputable firm specializing in securities class action lawsuits.

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FAQ

Why Very Bearish?

The investigation signals potential misconduct, leading to increased uncertainty and risk. Historical instances indicate that such legal troubles often result in stock price declines.

How important is it?

The investigation could lead to significant financial implications and investor losses, influencing stock price and confidence.

Why Short Term?

Immediate legal proceedings could adversely affect investor sentiment and stock performance. Given past events, quick repercussions are expected.

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BITFRIOTMAROHUT8
NEW YORK, May 05, 2025 (GLOBE NEWSWIRE) -- 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 newaction@pomlaw.com 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 LLPdpeyton@pomlaw.com646-581-9980 ext. 7980

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