#None #Class Action #Securities Fraud #Bitfarms Ltd

Class Action Alert for Bitfarms Ltd. Investors

Levi & Korsinsky, LLP, a reputable law firm, has recently notified investors of Bitfarms Ltd. about an ongoing class action lawsuit concerning potential securities fraud. If you were an investor in Bitfarms Ltd. (NASDAQ: BITF) and have experienced losses, it’s vital that you pay attention to this alert as it contains important deadlines and details for recourse.

Understanding the Lawsuit

The class action lawsuit targets investors who purchased shares of Bitfarms Ltd. between March 21, 2023, and December 9, 2024. The complaint alleges that the company made numerous false representations regarding its financial condition and internal controls. According to the lawsuit, Bitfarms mismanaged its internal controls over financial reporting, which led to substantial misstatements in their financial statements. This means that the company's financial results were inaccurately presented to the public, impacting stock prices and investor decisions.

The allegations include:
1. Deficiencies in internal controls over the financial reporting process.
2. Incorrect classification of cash flow derived from the sale of digital assets.
3. Overstated remediation efforts concerning material weaknesses in internal controls.
4. Misstatements in financial documents that may necessitate restating those past performances.

What Should You Do?

Investors are urged to take immediate action, primarily if they suffered losses during the stated period. The deadline to apply to be appointed as the lead plaintiff in this class action lawsuit is July 8, 2025. It’s important to note that you can still benefit from any recovery even if you do not wish to serve as a lead plaintiff.

You can directly reach out to Joseph E. Levi, Esq., either via email at [email protected] or by phone at (212) 363-7500 for more information regarding participation.

No Financial Burden for Participants

If you qualify as a class member, you may be entitled to compensation without having to incur any out-of-pocket expenses. This means you can pursue your rights without facing financial risks, which encourages more investors to step forward and assert their claims against the company.

Why Choose Levi & Korsinsky?

With two decades of experience in securities litigation, Levi & Korsinsky has built a strong reputation by securing significant financial recoveries for shareholders. They have successfully handled countless cases involving substantial stakes and understand the complexities of securities law. Their team consists of over 70 professionals dedicated to serving their clients and advocating for their rights.

For seven consecutive years, Levi & Korsinsky has been recognized in the ISS Securities Class Action Services' Top 50 Report as one of the leading firms in this niche, providing assurance to investors considering role in this litigation.

Conclusion

Investors in Bitfarms Ltd. now face a crucial decision regarding their participation in the upcoming class action lawsuit, which has the potential to remedy the losses incurred due to alleged fraudulent activities by the company. As the deadline looms, proactive steps are encouraged for impacted investors to ensure their rights are safeguarded. If you feel you have a claim, don't hesitate to reach out to your legal representatives for guidance and support.