#United States #New York #Class Action #Levi & Korsinsky #Bitfarms Ltd

Important Information for Bitfarms Ltd. Investors

In a significant development for investors of Bitfarms Ltd. (NASDAQ: BITF), legal firm Levi & Korsinsky, LLP has announced a class action lawsuit aimed at recovering losses incurred due to alleged securities fraud. The timeline for affected investors is critical, with a deadline set for July 8, 2025, to express interest in joining the class action.

Understanding the Class Action Lawsuit

The lawsuit, initiated by Levi & Korsinsky, seeks to represent individuals who faced losses linked to Bitfarms Ltd. during the contentious period from March 21, 2023, to December 9, 2024. The company has been accused of engaging in questionable practices that may have impacted the financial standing and securities of its investors.

In the filed complaint, it is asserted that the defendants, presumably management and other key figures within Bitfarms, made deceptive statements and failed to disclose vital information, concerning the company's internal controls over financial reporting. The allegations highlight that Bitfarms misclassified cash flows from digital asset sales, inaccurately reported its financial condition, and overstated its ability to remedy internal control issues. Due to these misstatements, previously issued financial documents might need to be restated, which raises serious concerns about their accuracy and reliability.

Call to Action for Investors

Investors who believe they have suffered losses during the specified period are encouraged to seek further information on how they can be part of this class action. Levi & Korsinsky emphasizes that participation does not obligate individuals to act as lead plaintiffs, and any potential recovery would not require out-of-pocket expenses.

If you are interested in joining the lawsuit, you can visit their website or contact Levi & Korsinsky directly at the provided email or phone number:

• - Email: [email protected]
• - Phone: (212) 363-7500

The Legacy of Levi & Korsinsky

Levi & Korsinsky has a long-standing reputation of advocating for shareholders, having successfully recovered hundreds of millions of dollars for clients over their two-decade history. Their rigorous approach to securities litigation is evidenced in their ranking as one of the top securities litigation firms in the United States according to ISS Securities Class Action Services.

With a dedicated team of over 70 professionals, the firm is well-equipped to navigate complex legal landscapes on behalf of investors. This expertise is crucial for those considering joining the class action against Bitfarms Ltd.

Conclusion

As the deadline for participation approaches, Bitfarms Ltd. investors should act swiftly to protect their rights. The alleged fraudulent activities could significantly impact the financial landscape for affected shareholders, making this class action a pivotal opportunity for justice and redress. If you believe you qualify, do not hesitate to reach out before the July 8, 2025 deadline.

For more guidance on the process or details regarding the case, contact Levi & Korsinsky today.

Disclaimer: This article does not serve as legal advice. Investors should consult their legal counsel regarding any actions they consider concerning this matter.