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

Gross Law Firm Issues Crucial Notice to Bitfarms Ltd. Investors

The Gross Law Firm is reaching out to shareholders of Bitfarms Ltd. (NASDAQ: BITF) to inform them about an ongoing class action lawsuit affecting their investments. This initiative aims to protect investors who purchased shares within a specific timeframe, as allegations surface regarding the company's handling of financial reporting. Investors are encouraged to act promptly, with the registration deadline set for July 8, 2025.

Background on the Allegations

The complaint centers around allegations that during the class period from March 21, 2023, to December 9, 2024, Bitfarms committed significant errors in financial reporting and disclosures. Key claims within the lawsuit include the assertion that the company failed to maintain adequate internal controls, leading to serious misclassifications in their financial statements.

Specifically, the defendants are accused of:
1. Failing to disclose deficiencies in internal controls over financial reporting.
2. Incorrectly categorizing cash flow received from the sale of digital assets.
3. Providing an inaccurate representation of the remediation of past weaknesses within their financial controls.
4. Issuing misleading public statements, causing undue losses to its investors.

These allegations have raised significant concerns among shareholders, as inaccuracies in financial statements can lead to significant restatements, adversely impacting stock performance and investor trust.

Importance of Registration

The Gross Law Firm emphasizes the importance of registering for this class action if you purchased Bitfarms shares during the specified period. Registering does not require an appointment as lead plaintiff but allows shareholders to participate in any potential settlement resulting from the lawsuit.

Upon registration, investors will gain access to portfolio monitoring software, providing them with updates on the case's developments, ensuring they are well-informed throughout the process. This proactive approach not only allows for potential recovery but also equips investors with the tools needed to stay ahead of proceedings.

Next Steps for Bitfarms Shareholders

To register your information as a shareholder of Bitfarms Ltd., you can visit the official form at Gross Law Firm - Bitfarms Registration.
Make sure to complete your registration before the impending deadline of July 8, 2025 to protect your interests in this significant matter.

Why Choose Gross Law Firm?

The Gross Law Firm is renowned for its commitment to defending investors against deceitful practices by corporations. Their mission focuses on ensuring responsible business practices, thereby providing a solid foundation for investors seeking recovery from misleading or fraudulent corporate claims. They advocate for justice and are dedicated to restoring integrity to the investing environment.

For inquiries or more detailed consultation regarding your involvement, please contact the Gross Law Firm directly at:
Contact Information:
15 West 38th Street, 12th floor
New York, NY, 10018
Email: [email protected]
Phone: (646) 453-8903
Reach out today to ensure your rights as a shareholder of Bitfarms are fully protected.