Investors Urged to Join Class Action Investigation Against Bitfarms Ltd.

In an alarming development for shareholders, the Rosen Law Firm has announced an investigation into potential securities claims regarding Bitfarms Ltd. (NASDAQ: BITF). The investigation stems from allegations that the company provided materially misleading information to the investing public, which has raised significant concerns among investors.

Background of the Investigation

On March 19, 2025, the Rosen Law Firm revealed that it is looking into possible legal actions on behalf of Bitfarms shareholders due to various allegations. Particularly, Bitfarms recently faced scrutiny following a press release issued after market hours on December 9, 2024, which disclosed substantial errors in its previously published financial statements.

The company's announcement indicated that it would be restating its financial results for the fiscal years ending in December 2023 and 2022. The restatement was necessary to correct a material error related to how proceeds from the sale of digital assets were classified. Additionally, Bitfarms admitted to another error concerning the accounting for warrants redemption in 2023. As a direct consequence of these disclosures, Bitfarms's share price plummeted by 6% on December 10, 2024.

What This Means for Investors

For current shareholders who purchased Bitfarms securities, this investigation presents a potential opportunity for recovery. Investors may be entitled to compensation without any costs involved upfront, as the Rosen Law Firm has outlined a contingency fee arrangement. This means that the firm's legal fees will only be taken from the settlement amount if the case is successful, alleviating any immediate financial burden on the investors involved.

Steps for Participation

Rosen Law Firm encourages all affected investors to take action promptly. Potential class action participants can visit their website or reach out via phone to gather more information and express their intent to join the class action. Interested parties are directed to the following link: Join the Class Action, or they can contact Phillip Kim, Esq. at 866-767-3653 or via email at pk@rosenlegal.com.

What Makes Rosen Law Firm Stand Out?

The Rosen Law Firm boasts an impressive track record, concentrating on securities class actions and shareholder derivative litigation. It has represented investors globally and has achieved landmark settlements, including one of the largest-ever securities class action settlements against a Chinese company. In 2017, it was ranked as the No.1 firm by ISS Securities Class Action Services for the number of settlements achieved, establishing its credibility and reliability in courtroom battles.

The firm’s founding partner, Laurence Rosen, was recognized as a Titan of the Plaintiffs' Bar by Law360, underscoring the expertise and recognition that Rosen Law brings to the table. With a dedicated team experienced in managing securities class action lawsuits, the firm's approach is designed to prioritize investors' rights and recovery of their losses.

Final Thoughts

The ongoing investigation represents a critical juncture for Bitfarms investors, who may recover their losses stemming from misleading corporate actions. It is essential for shareholders to stay informed and proactive in seeking justice through the available legal avenues. As the situation progresses, the Rosen Law Firm will continue to provide updates, ensuring that investors are kept in the loop throughout this process.

To keep abreast of the latest developments, follow the Rosen Law Firm on their social media platforms, including LinkedIn, Twitter, and Facebook.

Legal Notice

This communication constitutes attorney advertising. Prior results do not guarantee a similar outcome. For additional information, please contact Laurence Rosen or Phillip Kim at the Rosen Law Firm in New York City.