BITF Investor Notice: Robbins LLP Reminds Stockholders of the Securities Class Action Against Bitfarms Ltd.

Core Viewpoint - A class action 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 Misstatements - Bitfarms is accused of maintaining deficient internal controls over financial reporting, which resulted in the incorrect categorization of proceeds from digital asset sales as cash flow from operating activities instead of investing activities [2]. - The company overstated its ability to remediate material weaknesses in its internal controls, particularly regarding the classification of 2021 Warrants [2]. - 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]. Group 2: Stock Price Impact - Following the announcement of the need for restatement, 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 in the class action against Bitfarms must file their papers with the court by July 8, 2025, to serve as lead plaintiff [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]. Group 4: Legal Representation - Robbins LLP operates on a contingency fee basis, meaning shareholders pay no fees or expenses unless there is a recovery [5]. - The firm has a history of assisting shareholders in recovering losses and improving corporate governance since 2002 [5].