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Shareholders that lost money on Bitfarms Ltd.(BITF) Urged to Join Class Action - Contact The Gross Law Firm to Learn More
Prnewswire· 2025-06-19 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 a specified class period [1][2]. 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 Details - The class period for the lawsuit is defined as March 21, 2023, to December 9, 2024 [1]. - Shareholders are encouraged to register for the class action by July 8, 2025, to potentially become lead plaintiffs [2]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case's status [2]. Group 3: About The Gross Law Firm - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors' rights against 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].
Class Action Filed Against Bitfarms Ltd. (BITF) - July 8, 2025 Deadline to Join – Contact The Gross Law Firm
GlobeNewswire News Room· 2025-06-18 13:25
NEW YORK, June 18, 2025 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Bitfarms Ltd. (NASDAQ: BITF). Shareholders who purchased shares of BITF during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/bitfarms-ltd-loss-submission-form/?id=153446&from=3 CLASS PERIOD: March 21, 2023 to ...
Bitfarms Ltd. Class Action: Levi & Korsinsky Reminds Bitfarms Ltd.
Prnewswire· 2025-06-17 09:45
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 2021 Warrants [2]. - Due to these errors, various items in previously issued financial statements were misstated, leading to inaccuracies that may require restatement [2]. - The public statements made by the company were deemed materially false and misleading throughout the relevant period [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].
CleanSpark: Gaining Efficiency And Scale
Seeking Alpha· 2025-06-17 08:42
Core Viewpoint - CleanSpark (NASDAQ: CLSK) has experienced a significant increase in its stock price over the past few months, particularly since the lows in April, indicating positive market sentiment towards the company [1]. Company Focus - CleanSpark has primarily focused on bitcoin mining since 2020, branding itself as "America's Bitcoin Miner" [1]. Stock Performance - The appreciation in CleanSpark's stock price suggests a recovery and potential growth trajectory for the company in the bitcoin mining sector [1].
BITFARMS ALERT: Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against Bitfarms Ltd.
GlobeNewswire News Room· 2025-06-17 01:00
Core Viewpoint - A class action lawsuit has been filed against Bitfarms Ltd. for allegedly making materially false and misleading statements regarding its business and financial reporting during the class period from March 21, 2023, to December 9, 2024 [1][3]. Summary by Relevant Sections Lawsuit Details - The lawsuit is filed in the United States District Court for the Eastern District of New York on behalf of all individuals and entities who purchased Bitfarms securities during the specified class period [1]. - Investors have until July 8, 2025, to apply to be appointed as lead plaintiff in the lawsuit [1]. Allegations Against Bitfarms - The complaint alleges that Bitfarms maintained deficient internal controls over financial reporting [3]. - 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 [3]. - The company allegedly overstated its ability to remediate material weaknesses in its internal controls related to the classification of 2021 Warrants [3]. - Errors in financial statements are said to have resulted in inaccuracies that may require restatement [3]. - The public statements made by the company during the class period are claimed to be materially false and misleading [3].
The Gross Law Firm Reminds Bitfarms Ltd. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of July 8, 2025 - BITF
Prnewswire· 2025-06-16 09:45
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][2]. 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 Details - The class period for the lawsuit is from March 21, 2023, to December 9, 2024 [1]. - Shareholders are encouraged to register for the class action by July 8, 2025, to participate in potential recovery [2]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case's status [2]. Group 3: About the Gross Law Firm - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against 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].
HIVE Digital: Great Seasonality And A Bullish Chart Setup
Seeking Alpha· 2025-06-14 14:00
Group 1 - The article discusses the performance of small-cap Bitcoin miner HIVE Digital, which was previously recommended as a strong buy due to firm price support at $2.80 [1] - The author notes that the anticipated price support did not hold up amid a significant decline in global equities [1] - The focus of the analysis is on identifying potential winners in the growth stock sector, emphasizing the importance of efficient capital use [1] Group 2 - The investing group Timely Trader, led by the author, aims to limit risk while maximizing potential rewards through various features such as real-time alerts and sector analysis [1] - The article does not disclose any current stock positions in HIVE Digital but indicates a potential for initiating a long position within the next 72 hours [2] - The article expresses the author's personal opinions and does not represent any business relationship with the companies mentioned [2]
Class Action Filed Against Bitfarms Ltd. (BITF) Seeking Recovery for Investors – Contact The Gross Law Firm
GlobeNewswire News Room· 2025-06-12 17:09
NEW YORK, June 12, 2025 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Bitfarms Ltd. (NASDAQ: BITF). Shareholders who purchased shares of BITF during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/bitfarms-ltd-loss-submission-form/?id=152596&from=3 CLASS PERIOD: March 21, 2023 to ...
Bitdeer Announces May 2025 Production and Operations Update
Globenewswire· 2025-06-11 11:30
Core Insights - Bitdeer Technologies Group reported an increase in self-mining hashrate to 13.6 EH/s as of May 2025, with plans to exceed 40 EH/s by October 2025 [5][7] - The company sold and shipped 1.6 EH/s of SEALMINER A2s to external customers in May 2025 [5][7] - Self-mined Bitcoin production reached 196 Bitcoins in May 2025, marking an 18.1% increase from April 2025 [7] Operational Update - The deployment of SEALMINER mining rigs is ongoing in Texas, Norway, and Bhutan, contributing to the self-mining hashrate [5] - The SEALMINER A3 series is expected to be available for pre-order in June 2025 [7] - Client-hosted mining rigs increased by 5,000 units or 1.0 EH/s in May 2025 due to existing customers expanding their hosted mining rigs [7] Production and R&D - A total of 9.0 EH/s mining rigs have been manufactured, with 1.5 EH/s in final assembly as of the end of May 2025 [7] - The company is on track to achieve a chip efficiency of approximately 5 J/TH with the SEAL04 R&D project expected to tape-out in Q4 2025 [3] Financial Update - Tether exercised warrants in May 2025, resulting in the issuance of 5,186,627 ordinary shares and generating US$50 million in cash [7] - The total hash rate under management increased to 27.4 EH/s in May 2025, up from 25.1 EH/s in April 2025 [8] Infrastructure Development - Electrical equipment installation and hydro cooling systems in Tydal, Norway, are expected to be completed by the end of June 2025 [7][16] - Construction in Massillon, Ohio, is ongoing and expected to be completed in phases from Q3 to Q4 2025 [7][16] - The company has acquired a 50 MW Bitcoin mining project in Ethiopia for US$7.5 million, with expected energization in Q4 2025 [14][17]
Class Action Filed Against Bitfarms Ltd. (BITF) Seeking Recovery for Investors – Contact Levi & Korsinsky
GlobeNewswire News Room· 2025-06-10 17:04
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][2]. 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 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 led to misstatements in several previously issued financial statements, which are now deemed inaccurate and likely to require restatement [2]. - Consequently, the public statements made by the company were materially false and misleading during the relevant time [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 strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [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].