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 ...

矿企Bitfarms：2025年第一季度出售了428个比特币，累计收入达3700万美元。 ...

- Revenue of $67 million, up 33% Y/Y - - Gross mining margin of 43%, down from 63% from Q1 2024 - - Total energy pipeline of ~1.4 GW, ~80% based in the U.S. - - Private debt facility announced in April 2025 with division of Macquarie Group for up to $300 million to fund initial HPC project development at Panther Creek, validating the attractiveness of Bitfarms' potential HPC data center development pipeline - This news release constitutes a "designated news release" for the purposes of the Company's second ...

NEW YORK, May 13, 2025 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Bitfarms Ltd. (“Bitfarms” or “the Company”) (NASDAQ: BITF) and certain of its officers. Class Definition This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Bitfarms secur ...

Core Viewpoint - IREN Limited is expected to report its third-quarter fiscal 2025 results on May 14, with a consensus estimate of 17 cents per share, a decrease from the previous estimate, and projected revenues of $155.69 million, indicating a significant year-over-year improvement of 186.45% [1][2]. Group 1: Financial Performance Expectations - The fiscal third-quarter performance is anticipated to benefit from increased bitcoin revenues, with reported monthly revenues of $52 million, $43.9 million, and $45.3 million for January, February, and March respectively [3]. - However, the revenue per Bitcoin mined has shown a decline, with March's revenue at $85,012, down from $95,570 in February and $99,789 in January, which may pressure both topline and margins for the upcoming quarter [4]. Group 2: Additional Revenue Streams - AI Cloud services revenues have shown a gradual increase, with $0.8 million in January, $1.2 million in February, and $1.6 million in March [5]. Group 3: Earnings Expectations and Model Insights - According to the Zacks model, IREN Limited currently has an Earnings ESP of -40.00% and a Zacks Rank of 4 (Sell), indicating a lower likelihood of an earnings beat compared to other companies [6].

About OTC Markets Group Inc. OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our three public markets: OTCQX Best Market, OTCQB Venture Market and Pink Open Market. NEW YORK, May 13, 2025 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Consensus Mining & Seigniorage Corpo ...

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 deficiencies in internal controls over financial reporting during the class period [2]. - Bitfarms incorrectly categorized proceeds from the sale of digital assets as cash flow from operating activities instead of cash flow from investing activities [2]. - The company overstated its ability to remediate material weaknesses in its internal controls related to the classification of 2021 Warrants [2]. - These errors resulted in misstatements in several previously issued financial statements, which are now likely to be restated [2]. Group 2: Impact of the Announcement - On December 9, 2024, Bitfarms announced that its consolidated financial statements for fiscal years 2022 and 2023 contained a material error regarding the classification of proceeds from digital asset sales [3]. - Following this 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 serving as lead plaintiffs in the class action must file their papers with the court by July 8, 2025 [4]. - Shareholders can remain absent class members and still be eligible for recovery without participating in the case [4].

Core Viewpoint - A class action lawsuit has been filed against Bitfarms Ltd. and certain officers for alleged violations of federal securities laws during the Class Period from March 21, 2023, to December 9, 2024, seeking damages for misleading statements regarding the company's financial reporting and internal controls [1][6][8]. Company Overview - Bitfarms operates integrated Bitcoin data centers in Canada, the U.S., Paraguay, and Argentina, focusing on mining Bitcoin and managing digital assets [3]. - The company sells mined Bitcoin and accounts for the proceeds in its cash flow statement, which includes cash flow from operating, investing, and financing activities [4]. Financial Reporting Issues - In March 2024, Bitfarms identified a material weakness in its internal control over financial reporting related to the classification of 2021 Warrants, which should have been classified as financial liabilities rather than equity instruments [6]. - The company acknowledged that its internal controls were deficient, leading to misstatements in financial statements and the need for restatements [7][8]. Recent Developments - On December 9, 2024, Bitfarms announced that its consolidated financial statements for 2022 and 2023 contained a material error regarding the classification of proceeds from digital asset sales, which would need to be restated [8]. - Following this announcement, Bitfarms' stock price fell by $0.13 per share, or 6.07%, closing at $2.01 per share on December 10, 2024 [8]. - In its Annual Report on Form 40-F filed on April 1, 2025, Bitfarms reiterated its efforts to remediate the material weakness but indicated that the remediation plan would be completed in 2025, contrary to previous statements [9].

Core Points - A shareholder class action lawsuit has been filed against Bitfarms Ltd. alleging materially false and misleading statements regarding the company's business and operations [1] - The lawsuit claims that Bitfarms had deficient internal controls over financial reporting, leading to misclassification of cash flows and inaccuracies in financial statements [1] - The company is expected to restate its financial statements due to these alleged inaccuracies [1] Summary by Categories Legal Issues - The lawsuit alleges that Bitfarms failed to disclose material adverse information and made misleading statements about its internal controls and financial reporting [1] - Shareholders who purchased shares between March 21, 2023, and December 9, 2024, and experienced significant losses are encouraged to discuss their legal rights [2] Financial Reporting - Bitfarms is accused of incorrectly categorizing 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 weaknesses in its internal controls related to the classification of 2021 Warrants [1] - As a result of these errors, various items in previously issued financial statements were misstated, necessitating potential restatements [1]

Core Viewpoint - American Bitcoin Corp. has entered into a definitive merger agreement with Gryphon Digital Mining, Inc. to become a publicly traded entity focused on Bitcoin accumulation at scale [1] Company Overview - American Bitcoin is a majority-owned subsidiary of Hut 8, dedicated to industrial-scale Bitcoin mining and strategic Bitcoin reserve development [4] - The company aims to create a low-cost Bitcoin accumulation platform, leveraging Hut 8's mining operations and Eric Trump's expertise in capital markets [4] Transaction Details - The merger will be a stock-for-stock transaction, with the combined company expected to trade on Nasdaq under the ticker symbol "ABTC" [1][7] - The anticipated closing timeline for the transaction is targeted for Q3 2025 [7] - Post-transaction, existing stockholders of American Bitcoin are expected to own approximately 98% of the combined company [7] Management and Governance - The combined company will be led by the management and board of directors of American Bitcoin, including key figures such as Eric Trump and Asher Genoot [1][7]