#United States #New York #Class Action #Securities Fraud #Bitfarms

Important Class Action Notice for Bitfarms Ltd. Investors Ahead of July 2025 Deadline

Class Action Lawsuit Notification for Bitfarms Ltd.

Levi & Korsinsky, a renowned law firm, has announced the initiation of a class action securities lawsuit against Bitfarms Ltd. This legal action seeks to recover financial losses incurred by investors who were impacted by alleged securities fraud that occurred between March 21, 2023, and December 9, 2024. This lawsuit claims that Bitfarms Ltd. misled investors regarding its financial health and internal control measures.

Class Definition and Allegations

The lawsuit aims to represent those who suffered losses during the specified period due to the company's purported fraudulent actions. The filed complaint alleges that Bitfarms mismanaged internal controls over its financial reporting. Specifically, it is claimed that the company incorrectly categorized its assets and failed to accurately report its financial status. The primary allegations are that:

1. Bitfarms maintained inadequate internal controls.
2. The company misclassified proceeds from the sale of its digital assets.
3. Bitfarms overstated its capacity to rectify weaknesses in internal controls.
4. These missteps led to inaccuracies in previously released financial statements, which may need to be restated, misleading investors about the company’s actual standing.

Call to Action for Investors

Investors who believe they have suffered losses during this timeframe have until July 8, 2025, to apply for appointment as lead plaintiff. Importantly, participation in this class action carries no upfront costs for members, and the possibility of compensation does not require investors to take on the lead role in the lawsuit.

How to Participate

If you are an affected investor, you can reach out to Joseph E. Levi at Levi & Korsinsky, LLP for assistance. Here’s how to contact:

- Email: email protected]
- Phone: (212) 363-7500
- [Visit Our Website for More Information

Additionally, those interested should be aware that this firm boasts an impressive history of securing compensation for shareholders in similar situations, thus providing a strong backing for potential claims.

Why Choose Levi & Korsinsky?

Levi & Korsinsky, with over 20 years of experience in securities litigation, has established a robust record of recovering capital for investors wronged by misleading corporate disclosures. Their team comprises over seventy dedicated professionals committed to serving their clients' needs. The firm has consistently ranked highly among others in the industry, reflecting their proficiency and track record in handling intricate securities litigation cases.

Conclusion

In light of the filed class action against Bitfarms Ltd., affected investors are encouraged to act swiftly to secure their rights and compensation. Remember, the time to join the lawsuit is limited, and with the deadline set for July 8, 2025, reviewing your investment situation is crucial. Don’t miss this opportunity to seek justice as part of this class action lawsuit.