Important Notice: Shareholders of Bitfarms Ltd. Should Contact Legal Counsel Before July 2025

Important Notice for Bitfarms Ltd. Shareholders

Bitfarms Ltd. (NASDAQ: BITF) shareholders have an important deadline approaching. The Gross Law Firm has issued a notification reminding those who bought shares of BITF during a specified period to reach out before July 8, 2025. This call to action is aimed at discussing potential rights and responsibilities that may emerge from a class-action suit related to misleading statements made by the company.

Background on the Allegations

The allegations state that during the class period from March 21, 2023, to December 9, 2024, Bitfarms Ltd. is accused of multiple accounting missteps. Notably, these include failing to disclose deficiencies in internal controls over financial reporting. Additionally, it is indicated that the company miscategorized significant financial transactions, leading to inaccuracies in their statements and a potential need for restatement of previous financial documents. Such errors have raised red flags about the reliability of the company’s public communications.

These allegations present a legitimate cause for concern among current and former shareholders, prompting the Gross Law Firm to facilitate actions that may protect investors’ interests. Shareholders are encouraged to contact the firm promptly for potential lead plaintiff appointments, though it is important to note that doing so is not a precondition for participation in any recovery efforts.

Next Steps for Affected Shareholders

For shareholders who purchased BITF shares during the already mentioned timeline, the necessary steps are straightforward. Registering your information with The Gross Law Firm can provide you with critical updates and insights through a dedicated portfolio monitoring setup. By doing so, affected shareholders will stay informed on the status of the case and any developments that may impact their stake in the company.

Being proactive and timely is crucial; the cut-off to express interest in being a lead plaintiff is set for July 8, 2025. Engaging with legal counsel ensures that shareholders can effectively navigate the complexities surrounding these allegations and understand the implications for their investments.

Why Choose The Gross Law Firm?

The Gross Law Firm is recognized nationwide for its commitment to investor rights. Their primary goal is to safeguard shareholders who have faced losses due to deceitful practices and financial fraud. With a strong history of advocating for responsible corporate behavior, the firm aims to recover losses incurred by misleading practices and faulty disclosures, such as those alleged against Bitfarms Ltd.

As a shareholder, this is an opportunity not to be missed. The Gross Law Firm has positioned itself to support investors in evaluating their situation and pursuing any necessary legal actions.

For inquiries or to express your intent to register, you can contact The Gross Law Firm at: 15 West 38th Street, 12th floor, New York, NY, or call them at (646) 453-8903. You can also find more information on their website by following the provided link. Remember, taking action now could make a significant difference in your shareholder experience with Bitfarms Ltd.

Stay informed and proactive as the deadline approaches. Your rights and potential recovery can be preserved through timely action.