Shareholders that lost money on Bitfarms Ltd.(BITF) Urged to Join Class Action - Contact The Gross Law Firm to Learn More

1. BITF faces allegations of false financial reporting due to deficient internal controls. 2. The complaint includes misclassification of cash flow from asset sales. 3. Previous financial statements may need restating due to misstatements. 4. Shareholders can register for a class action ahead of July 2025 deadline. 5. The Gross Law Firm seeks to protect investor rights and hold BITF accountable.

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FAQ

Why Very Bearish?

The ongoing class action and potential financial restatement could significantly undermine investor confidence. Similar cases have historically led to steep declines in stock prices due to perceived mismanagement and lack of transparency.

How important is it?

The seriousness of the allegations regarding financial misrepresentation and the ongoing lawsuit heightens the stakes for BITF investors and likely impacts stock valuation significantly.

Why Long Term?

The effects of a possible financial restatement and renewed scrutiny could linger, affecting investor sentiment and stock performance for years. Past examples show that legal challenges can have lasting negative impacts on companies.

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NEW YORK, June 19, 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=153514&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=153514&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