#United States #New York #Class Action #Gross Law Firm #Bitfarms Ltd

Gross Law Firm Alerts Bitfarms Investors

The Gross Law Firm has announced an important notice for shareholders of Bitfarms Ltd. (NASDAQ: BITF). As allegations surface regarding the company's financial reporting, affected investors have been invited to join a pending class action lawsuit. The lead plaintiff deadline for this case is set for July 8, 2025, and the firm encourages shareholders who bought shares during the specified period to get in touch and register.

Background of the Lawsuit

The class action centers on claims that Bitfarms Ltd. made material misstatements and failed to disclose significant issues related to their internal financial controls. Specifically, during the class period from March 21, 2023, to December 9, 2024, it is alleged that the company:

1. Failed to Maintain Adequate Internal Controls: This resulted in an inaccurate classification of financial transactions, misleading investors regarding the company's actual revenue situation.
2. Misclassification of Cash Flows: The lawsuit claims that the company incorrectly categorized cash flows generated from selling digital assets, labeling them as operating activities rather than investing activities.
3. Overstated Financial Remediation: It is alleged that Bitfarms exaggerated its ability to rectify weaknesses in its financial reporting practices associated with its Warrants issued in 2021.
4. Potential Financial Restatements: Due to prior misstatements, Bitfarms may face a necessity to restate its financials, which could severely impact its market reputation and investor trust.

Importance for Investors

For shareholders, the implications of these allegations could be significant. Investors who purchased shares during the class period are encouraged to act swiftly by registering their information on the Gross Law Firm’s official website. This proactive step not only allows them to be considered for the role of lead plaintiff, but it also insures them against further losses due to the company’s alleged mismanagement and deception.

The Gross Law Firm aims to ensure investors are adequately informed and that their rights are protected in light of these allegations. By registering, shareholders will also gain access to portfolio monitoring updates that will keep them informed on the case's developments.

How to Register

To assert your rights and register for participation in this class action lawsuit, visit the Gross Law Firm's dedicated webpage: Class Action Registration. There are no fees or obligations attached to your registration, which makes it essential for those impacted to act promptly.

Why Choose The Gross Law Firm?

The Gross Law Firm stands out as a reputable national class action firm, focusing on securing justice for investors subjected to legal discrepancies in the marketplace. With a mission aimed at fostering corporate responsibility and transparency, their expertise uniquely positions them to advocate on behalf of those misled by Bitfarms' alleged misleading practices. The firm has a proven record of holding companies accountable for their actions, making it a reliable choice for affected investors.

Conclusion

As the July 8, 2025 deadline approaches, the need for action among Bitfarms shareholders becomes increasingly urgent. This class action lawsuit could be a pivotal opportunity for investors to seek recovery. With the commitment of the Gross Law Firm, those affected will have the support needed to navigate through the complexities of this legal process. Don’t wait – register today and take the first step towards safeguarding your investment.