Bitfarms .(BITF) Prnewswire·2025-03-25 22:22Core Viewpoint - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of Bitfarms due to allegations of materially misleading business information being issued to the investing public [1] Group 1: Legal Action and Compensation - Shareholders who purchased Bitfarms securities may be entitled to compensation through a class action lawsuit without any out-of-pocket fees or costs [2] - The Rosen Law Firm is preparing a class action to seek recovery of investor losses [2] Group 2: Financial Restatement - On December 9, 2024, Bitfarms announced a restatement of its previously issued financial statements for the fiscal years ended December 31, 2023, and 2022 due to a material error in the classification of proceeds from the sale of digital assets [3] - The company also stated that it would restate its financials to correct an error in the accounting for the redemption of warrants in 2023 [3] - Following this announcement, Bitfarms' stock experienced a 6% decline on December 10, 2024 [3] Group 3: Rosen Law Firm's Credentials - The Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [4] - The firm has achieved significant settlements, including the largest securities class action settlement against a Chinese company at the time and has been ranked highly for its success in securities class action settlements [4] - In 2019, the firm secured over $438 million for investors, showcasing its capability in recovering investor losses [4]