Core Points - The conference call is focused on the restatement of financial statements for fiscal years 2022 through 2024 [2][3] - The call includes discussions on the internal investigation of Lugano by the Audit Committee and the company's response actions [3] - An update on the performance of the company's eight other businesses during 2025 will also be provided [3] Company Overview - The call is led by key executives including the CEO Elias Sabo and CFO Stephen Keller, along with Pat Maciariello from Compass Group Management, LLC [2] - The company emphasizes that forward-looking statements will be made during the call, covering forecasts, future business plans, and performance expectations [4][5]

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 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 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 has a history of securing significant settlements for shareholders and has been recognized as one of the top securities litigation firms in the U.S. for seven consecutive years [4]