LOS ANGELES, May 20, 2025 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Bitfarms Ltd. ("Bitfarms" or "the Company") (NASDAQ: BITF) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Investors who purchased the Company's securities between March 21, 2023 and December 9, 2024, inclusive (the "Class Period"), are e ...

NEW YORK, May 20, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Bitfarms Ltd. ("Bitfarms Ltd." or the "Company") (NASDAQ: BITF) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Bitfarms Ltd. investors who were adversely affected by alleged securities fraud between March 21, 2023 and December 9, 2024. Follow the link below to get more information and be contacted by a member of our team:https://zlk.com/pslra-1/bitfarms-ltd-lawsuit-subm ...

Core Viewpoint - Rosen Law Firm has filed a class action lawsuit on behalf of purchasers of Bitfarms Ltd. securities, alleging misleading statements and deficiencies in financial reporting during the Class Period from March 21, 2023, to December 9, 2024 [1][5]. Group 1: Lawsuit Details - The lawsuit claims that Bitfarms maintained deficient internal controls over financial reporting, leading to misclassification of cash flows and inaccuracies in financial statements [5]. - Specific allegations include the misstatement of proceeds from digital asset sales and the overstatement of remediation efforts regarding internal control weaknesses [5]. - The lawsuit asserts that these errors resulted in materially false and misleading public statements, causing investor damages when the true details emerged [5]. Group 2: Participation Information - Investors who purchased Bitfarms securities during the Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - To join the class action, interested parties can visit the provided link or contact the law firm directly for more information [3][6].

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Bitfarms Ltd. regarding a class action lawsuit due to alleged misleading financial statements and internal control deficiencies [1][2]. Summary by Relevant Sections Allegations - The complaint alleges that Bitfarms issued materially false and misleading statements during the class period from March 21, 2023, to December 9, 2024 [1]. - Specific allegations include: - Deficient internal controls over financial reporting [1]. - Incorrect categorization of proceeds from the sale of digital assets as cash flow from operating activities instead of investing activities [1]. - Overstatement of the remediation of material weaknesses in internal controls related to the classification of 2021 Warrants [1]. - Misstatements in previously issued financial statements, which may require restatement [1]. - Public statements made by the company were materially false and misleading throughout the relevant period [1]. Next Steps for Shareholders - Shareholders are encouraged to register for the class action by July 8, 2025, to participate in the case without any cost or obligation [2]. - Registered shareholders will receive updates through a portfolio monitoring software regarding the status of the case [2]. About the Gross Law Firm - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors' rights against deceit and fraud [3]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors affected by misleading statements [3].

Core Viewpoint - A class action lawsuit has been filed against Bitfarms Ltd. for alleged deficiencies in internal controls over financial reporting, leading to misstatements in financial statements and a need for restatement [1][2][3]. Group 1: Allegations and Financial Reporting Issues - The complaint alleges that Bitfarms failed to disclose deficient internal controls over financial reporting, which resulted in misclassification of cash flows from digital asset sales [2]. - Bitfarms incorrectly categorized proceeds from digital asset sales as cash flow from operating activities instead of investing activities, leading to inaccuracies in financial statements [2]. - The company also overstated its ability to remediate material weaknesses in internal controls related to the classification of 2021 Warrants, causing further misstatements [2]. Group 2: Impact of the Allegations - On December 9, 2024, Bitfarms announced that its consolidated financial statements for fiscal years 2022 and 2023 contained a material error and would need to be restated, specifically regarding the classification of proceeds from digital asset sales [3]. - Following the announcement, Bitfarms' stock price fell by $0.13 per share, or 6.07%, closing at $2.01 per share on December 10, 2024 [3]. Group 3: Class Action Participation - Shareholders interested in participating as lead plaintiffs in the class action must file their papers with the court by July 8, 2025 [4]. - Shareholders do not need to participate in the case to be eligible for recovery and can remain absent class members if they choose [4].

NEW YORK, May 19, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Bitfarms Ltd. ("Bitfarms Ltd." or the "Company") (NASDAQ: BITF) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Bitfarms Ltd. investors who were adversely affected by alleged securities fraud between March 21, 2023 and December 9, 2024. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra-1/bitfarms-ltd-lawsui ...

PLEASE CLICK HERE TO JOIN THE CASE AND SUBMIT CONTACT INFORMATION What happened: The filed complaint alleges that throughout the Class Period, the defendants made materially false, misleading and potentially damaging statements regarding the Business Operations of Bitfarms. On May 9, 2025, a complaint was filed against the Company and certain of its current and former officers, alleging that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: Why W ...

NEW YORK, May 16, 2025 (GLOBE NEWSWIRE) -- Lowey Dannenberg P.C., a preeminent law firm in obtaining redress for consumers and investors, announces the filing of a class action lawsuit against Bitfarms Ltd. (“Bitfarms” or the “Company”) (NASDAQ: BITF) for violations of the federal securities laws on behalf of investors who purchased or acquired Bitfarms securities between March 21, 2023 and December 9, 2024, inclusive (the “Class Period”). On May 9, 2025, a complaint was filed against the Company and certai ...

NEW YORK, May 14, 2025 /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of securities of Bitfarms Ltd. (NASDAQ: BITF) between March 21, 2023 and December 9, 2024, both dates inclusive (the "Class Period"). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 8, 2025.So What: If you purchased Bitfarms securities during the Class Period you may b ...

Bitfarms Ltd. (BITF) came out with a quarterly loss of $0.04 per share in line with the Zacks Consensus Estimate. This compares to loss of $0.02 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this company would post a loss of $0.04 per share when it actually produced earnings of $0.03, delivering a surprise of 175%.Over the last four quarters, the company has surpassed consensus EPS estimates three times.Bitfarms, which belongs to the Zacks Techn ...