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The Gross Law Firm Reminds Bitfarms Ltd. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of July 8, 2025 – BITF
GlobeNewswire News Room· 2025-07-07 20:42
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][3]. 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 [3]. - Specific allegations include: - Deficient internal controls over financial reporting [3]. - Incorrect categorization of proceeds from the sale of digital assets as cash flow from operating activities instead of investing activities [3]. - Overstatement of the remediation of material weaknesses in internal controls related to the classification of 2021 Warrants [3]. - Misstatements in previously issued financial statements, which may require restatement [3]. - Public statements made by the company were materially false and misleading throughout the relevant period [3]. Next Steps for Shareholders - Shareholders are encouraged to register for the class action by July 8, 2025, to participate in potential recovery [4]. - Registration includes enrollment in a portfolio monitoring software for status updates on the case [4]. Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors' rights against deceit and fraud [5]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors affected by misleading statements [5].
Bitfarms Ltd. Sued for Securities Law Violations - Investors Should Contact The Gross Law Firm for More Information - BITF
Prnewswire· 2025-07-07 13:00
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Bitfarms Ltd. regarding a class action lawsuit due to alleged misleading statements and deficiencies in financial reporting during the specified class period [1]. Group 1: Allegations Against Bitfarms Ltd. - The complaint alleges that Bitfarms maintained deficient internal controls over financial reporting [1] - It is claimed that the company incorrectly categorized proceeds from the sale of digital assets as cash flow from operating activities instead of investing activities [1] - The company allegedly overstated its ability to remediate material weaknesses in its internal controls related to the classification of the 2021 Warrants [1] - These errors reportedly caused Bitfarms to misstate various items in previously issued financial statements, which may need to be restated [1] - As a result, the company's public statements were materially false and misleading throughout the relevant period [1] Group 2: Class Action Participation - Shareholders who purchased shares of Bitfarms during the class period from March 21, 2023, to December 9, 2024, are encouraged to register for the class action [2] - The deadline for shareholders to seek lead plaintiff status is July 8, 2025 [2] - There is no cost or obligation for shareholders to participate in the case, and they will receive status updates through portfolio monitoring software [2] Group 3: About The Gross Law Firm - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors affected by deceit and fraud [3] - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [3]
BITF DEADLINE: ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages Bitfarms Ltd. Investors with Losses in Excess of $100K to Secure Counsel Before Important July 8 Deadline in Securities Class Action – BITF
GlobeNewswire News Room· 2025-07-06 11:20
Core Viewpoint - Rosen Law Firm is reminding investors who purchased Bitfarms Ltd. securities during the specified Class Period of the upcoming lead plaintiff deadline on July 8, 2025, for a class action lawsuit [1][2]. Group 1: Class Action Details - Investors who bought Bitfarms securities between March 21, 2023, and December 9, 2024, may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and interested parties must act by the July 8, 2025, deadline to serve as lead plaintiff [2]. - The lawsuit alleges that Bitfarms made false and misleading statements regarding its financial reporting and internal controls, which led to inaccurate financial statements that may need to be restated [4]. Group 2: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions, highlighting its own achievements in this area [3]. - The firm has secured significant settlements for investors, including over $438 million in 2019 alone, and has been consistently ranked among the top firms for securities class action settlements [3].
Bitfarms Ltd. Sued for Securities Law Violations – Investors Should Contact Levi & Korsinsky Before July 8, 2025 to Discuss Your Rights – BITF
GlobeNewswire News Room· 2025-07-03 20:28
Core Viewpoint - A class action securities lawsuit has been filed against Bitfarms Ltd. alleging securities fraud affecting investors between March 21, 2023, and December 9, 2024 [1][2]. Group 1: Allegations and Financial Misstatements - The lawsuit claims that Bitfarms had inadequate internal controls over financial reporting [2]. - It is alleged that the company misclassified proceeds from the sale of digital assets, categorizing them as cash flow from operating activities instead of investing activities [2]. - The complaint also states that Bitfarms overstated its ability to remediate material weaknesses in its internal controls related to the classification of the 2021 Warrants [2]. - These errors purportedly led to misstatements in several previously issued financial statements, which may require restatement [2]. - Consequently, the public statements made by the company were deemed materially false and misleading [2]. Group 2: Legal Process and Participation - Investors who suffered losses during the specified timeframe have until July 8, 2025, to request appointment as lead plaintiff [3]. - Participation in the lawsuit does not require serving as a lead plaintiff, and class members may be entitled to compensation without any out-of-pocket costs [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a history of securing significant settlements for shareholders and has been recognized as a top securities litigation firm in the United States for seven consecutive years [4].
Levi & Korsinsky Announces the Filing of a Securities Class Action on Behalf of Bitfarms Ltd.(BITF) Shareholders
Prnewswire· 2025-07-01 13:00
Core Viewpoint - A class action securities lawsuit has been filed against Bitfarms Ltd. alleging securities fraud that affected investors between March 21, 2023, and December 9, 2024 [1]. Group 1: Allegations of Fraud - The lawsuit claims that Bitfarms had inadequate internal controls over financial reporting [2]. - It is alleged that the company misclassified proceeds from the sale of digital assets, categorizing them as cash flow from operating activities instead of investing activities [2]. - The complaint states that Bitfarms overstated its remediation efforts regarding material weaknesses in its internal controls related to the classification of 2021 Warrants [2]. - These errors purportedly led to misstatements in several of the company's previously issued financial statements, which may need to be restated [2]. - As a result, the public statements made by the company were deemed materially false and misleading [2]. Group 2: Legal Process and Participation - Investors who suffered losses in Bitfarms Ltd. during the specified timeframe have until July 8, 2025, to request to be appointed as lead plaintiff [3]. - Participation in the lawsuit does not require serving as a lead plaintiff, and class members may be entitled to compensation without any out-of-pocket costs [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a history of securing significant settlements for shareholders and has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4].
Class Action Filed Against Bitfarms Ltd. (BITF) - July 8, 2025 Deadline to Join – Contact Levi & Korsinsky
GlobeNewswire News Room· 2025-06-30 19:47
Core Viewpoint - A class action securities lawsuit has been filed against Bitfarms Ltd. alleging securities fraud affecting investors between March 21, 2023, and December 9, 2024 [1][2]. Group 1: Allegations and Financial Misstatements - The lawsuit claims that Bitfarms had inadequate internal controls over financial reporting [2]. - It is alleged that the company misclassified proceeds from the sale of digital assets, categorizing them as cash flow from operating activities instead of investing activities [2]. - The complaint states that Bitfarms overstated its ability to remediate material weaknesses in its internal controls related to the classification of the 2021 Warrants [2]. - Due to these errors, various items in previously issued financial statements were misstated, leading to the conclusion that these financial statements were inaccurate and may require restatement [2]. Group 2: Legal Process and Participation - Investors who suffered losses in Bitfarms Ltd. during the specified timeframe have until July 8, 2025, to request appointment as lead plaintiff [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, and participation does not require serving as a lead plaintiff [3]. Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and has extensive expertise in complex securities litigation [4]. - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the United States [4].
BITF DEADLINE NOTICE: ROSEN, A LEADING NATIONAL FIRM, Encourages Bitfarms Ltd. Investors with Losses in Excess of $100K to Secure Counsel Before Important July 8 Deadline in Securities Class Action – BITF
GlobeNewswire News Room· 2025-06-29 13:02
Core Viewpoint - Rosen Law Firm is reminding investors who purchased Bitfarms Ltd. securities during the specified Class Period of the upcoming lead plaintiff deadline on July 8, 2025, for a class action lawsuit [1][2] Group 1: Class Action Details - Investors who bought Bitfarms securities between March 21, 2023, and December 9, 2024, may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [1] - A class action lawsuit has already been filed, and interested parties must act by the July 8, 2025 deadline to serve as lead plaintiff [2][6] Group 2: Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time and being ranked No. 1 for the number of settlements in 2017 [3] - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [3] Group 3: Case Allegations - The lawsuit alleges that Bitfarms made false and misleading statements regarding its internal controls over financial reporting, misclassifying cash flows, and overstating its remediation efforts [4] - These inaccuracies in financial statements are claimed to have caused investor damages when the true details became public [4]
BITF Deadline: BITF Investors with Losses in Excess of $100K Have Opportunity to Lead Bitfarms Ltd. Securities Fraud Lawsuit
Prnewswire· 2025-06-28 15:37
Core Viewpoint - Rosen Law Firm is reminding investors who purchased Bitfarms Ltd. securities between March 21, 2023, and December 9, 2024, of the July 8, 2025, deadline to become a lead plaintiff in a class action lawsuit [1][4]. Group 1: Class Action Details - Investors who purchased Bitfarms securities during the specified Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by July 8, 2025 [2][5]. - The lawsuit alleges that Bitfarms made false and misleading statements regarding its financial reporting and internal controls, leading to potential misstatements in financial statements [4]. Group 2: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time [3]. - The firm was ranked No. 1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017 and has consistently ranked in the top 4 since 2013 [3]. - In 2019, the firm secured over $438 million for investors, showcasing its capability in recovering significant amounts for its clients [3].
Levi & Korsinsky Reminds Shareholders of a Lead Plaintiff Deadline of July 8, 2025 in Bitfarms Ltd. Lawsuit - BITF
Prnewswire· 2025-06-27 13:00
Core Viewpoint - A class action securities lawsuit has been filed against Bitfarms Ltd. alleging securities fraud that affected investors between March 21, 2023, and December 9, 2024 [1]. Group 1: Allegations and Financial Reporting Issues - The lawsuit claims that Bitfarms had inadequate internal controls over financial reporting [2]. - It is alleged that the company misclassified proceeds from the sale of digital assets, categorizing them as cash flow from operating activities instead of investing activities [2]. - The complaint states that Bitfarms overstated its remediation efforts regarding material weaknesses in its internal controls related to the classification of 2021 Warrants [2]. - These errors purportedly led to misstatements in several previously issued financial statements, which may require restatement [2]. - Consequently, the public statements made by the company were deemed materially false and misleading during the relevant period [2]. Group 2: Legal Process and Participation - Investors who suffered losses in Bitfarms Ltd. during the specified timeframe have until July 8, 2025, to request appointment as lead plaintiff [3]. - Participation in the lawsuit does not require serving as a lead plaintiff, and class members may be entitled to compensation without any out-of-pocket costs [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a history of securing significant settlements for shareholders and has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4].
Bitfarms Ltd. Class Action: The Gross Law Firm Reminds Bitfarms Ltd.
GlobeNewswire News Room· 2025-06-26 20:36
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Bitfarms Ltd. regarding a class action lawsuit due to alleged misleading statements and deficiencies in financial reporting [1][3]. Summary by Relevant Sections Class Period and Allegations - The class period for the lawsuit is from March 21, 2023, to December 9, 2024 [3]. - Allegations include that Bitfarms maintained deficient internal controls over financial reporting, misclassified cash flows from the sale of digital assets, and overstated its ability to remediate material weaknesses in its internal controls [3]. Financial Misstatements - The company is accused of misstating various items in its previously issued financial statements, which may require restatement [3]. - As a result of these errors, the public statements made by the company were materially false and misleading throughout the relevant period [3]. Next Steps for Shareholders - Shareholders are encouraged to register for the class action by July 8, 2025, to participate in potential recovery [4]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case [4]. Law Firm's Commitment - The Gross Law Firm aims to protect investors' rights and ensure companies adhere to responsible business practices [5]. - The firm seeks recovery for investors who suffered losses due to false or misleading statements that inflated the company's stock [5].