Investors who lost money on Bitfarms Ltd.(BITF) should contact The Gross Law Firm about pending Class Action - BITF

1. Bitfarms faces class action over misleading financial statements. 2. Allegations claim deficiencies in internal controls and misclassified cash flows. 3. Current financial statements may need to be restated, impacting investor trust. 4. Shareholders have until July 8, 2025, to register for the lawsuit. 5. Gross Law Firm emphasizes protection of investor rights against fraud.

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FAQ

Why Bearish?

The allegations regarding misleading financial practices undermine confidence in BITF. Historical instances show that similar accusations often lead to stock price declines.

How important is it?

The class action reflects critical legal risks for BITF, which could affect its market performance. Legal repercussions from allegations can deter potential investors.

Why Long Term?

The class action could lead to substantial legal costs and regulatory scrutiny, impacting sustainability. Historical cases suggest slow resolution and ongoing market sensitivity to legal issues.

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MARA RIOT HUT CFFD

Notice to Shareholders of Bitfarms Ltd.

NEW YORK, May 22, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Bitfarms Ltd. (NASDAQ: BITF).

Shareholders who purchased shares of BITF during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.

CONTACT US HERE:

https://securitiesclasslaw.com/securities/bitfarms-ltd-loss-submission-form/?id=149540&from=4

CLASS PERIOD:

March 21, 2023 to December 9, 2024

ALLEGATIONS:

The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that:

(i) Bitfarms maintained deficient internal controls over financial reporting;
(ii) as a result, the Company incorrectly categorized proceeds derived from the sale of digital assets as a cash flow from operating activities rather than as a cash flow from investing activities;
(iii) in addition, the Company overstated the extent to which it had remediated, and/or its ability to remediate, the material weakness in its internal controls over financial reporting related to its classification of the 2021 Warrants;
(iv) the foregoing errors caused Bitfarms to misstate various items in several of the Company's previously issued financial statements;
(v) as a result, these financial statements were inaccurate and would likely need to be restated; and
(vi) as a result, the Company's public statements were materially false and misleading at all relevant times.

DEADLINE:

July 8, 2025. Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/bitfarms-ltd-loss-submission-form/?id=149540&from=4

NEXT STEPS FOR SHAREHOLDERS:

Once you register as a shareholder who purchased shares of BITF during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is July 8, 2025. There is no cost or obligation to you to participate in this case.

WHY GROSS LAW FIRM?

The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:

The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: info@grosslawfirm.com
Phone: (646) 453-8903

SOURCE The Gross Law Firm