#USA #New York #Class Action #Levi & Korsinsky #Bitfarms Ltd

Join the Class Action Lawsuit Against Bitfarms Ltd.

Deadline: July 8, 2025
If you are an investor in Bitfarms Ltd. (NASDAQ: BITF), you may be eligible to join a class action lawsuit being organized by Levi & Korsinsky, LLP. This class action aims to address potential securities fraud that adversely affected investors between March 21, 2023, and December 9, 2024.

Overview of the Class Action

This lawsuit seeks to recover financial losses experienced by Bitfarms investors during the specified time period. The allegations highlight serious deficiencies in the company's financial reporting and misstatements made by the defendants that misled investors.

Case Details

The core accusations of the lawsuit include:
1. Deficient Internal Controls: It is claimed that Bitfarms failed to maintain effective internal controls over its financial reporting, which compromised the accuracy of financial statements.
2. Improper Cash Flow Categorization: The company allegedly misclassified proceeds from digital asset sales, presenting them as cash flow from operations instead of investing activities.
3. Misstatement of Financial Statements: Bitfarms is accused of misleadingly overstating its efforts to rectify weaknesses in internal controls concerning the classification of financial instruments, leading to inaccurate financial reports.
4. Potential Restatement: Due to these misstatements, the financial statements issued prior to the lawsuit may require restatement, affecting investor trust and the company's credibility in the marketplace.

Your Opportunity to Act

If you have incurred a loss while investing in Bitfarms during the relevant timeframe, it is crucial to act before the July 8, 2025, deadline to have the opportunity to become a lead plaintiff in this case. While serving as a lead plaintiff may not be necessary for you to receive compensation, it is important to express your interest in participating.

No Financial Burden on Investors

There’s no cost or obligation to members of the class who wish to join the lawsuit. Eligible investors can be part of this class action without having to pay any out-of-pocket fees. The law firm Levi & Korsinsky operates on a contingency basis, meaning their compensation comes from successful settlements, not from the investors' pockets.

Why Choose Levi & Korsinsky?

With a proven track record of over 20 years, Levi & Korsinsky is recognized as a leading firm in securities litigation. They have successfully secured hundreds of millions in recoveries for their clients over the years. The expertise and dedication of their team make them a formidable representative for investors seeking justice against corporate wrongdoing.

Contact Information

For more information or to express your interest in joining the class action, you can reach out to:
Joseph E. Levi, Esq.,
Email: jlevi@zlk.com
Phone: (212) 363-7500

By contacting Levi & Korsinsky, you can learn more about your rights and the necessary steps to take part in this class action lawsuit. Ensure that your voice is heard and potentially recover your losses with this class action.

Conclusion

Don't let the deadline pass without taking action. If you are a damaged investor, consider joining this lawsuit today, and help hold Bitfarms accountable for their alleged misdeeds. Together, investors can strive for transparency and accountability in financial practices.