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

The Gross Law Firm Alerts Investors of Class Action for Bitfarms Ltd.

In a recent announcement, the Gross Law Firm has issued a notification for investors of Bitfarms Ltd. (NASDAQ: BITF) regarding a class action lawsuit. This informatoin is particularly important for those who acquired shares of Bitfarms within a specified timeframe.

Background of the Case

The lawsuit focuses on allegations that significant misstatements were made by Bitfarms during the class period from March 21, 2023, to December 9, 2024. Investors are urged to come forward to discuss potential eligibility for lead plaintiff positions. However, it is noteworthy that said appointment isn’t a prerequisite for seeking recovery from the case’s outcomes.

The allegations specify that Bitfarms failed to maintain adequate internal controls over financial reporting. More critically, they allegedly misclassified the proceeds from digital asset sales. Instead of recognizing these funds as cash flow from investing activities, they were incorrectly recorded as cash flow from operating activities. Additionally, the company purportedly overstated their ability to remedy previous material weaknesses in their financial reporting processes.

These issues have led to various inaccuracies in the financial statements that Bitfarms has released, casting doubts on the reliability of their reported earnings. As a result, new findings suggest that adjustments may be required, which could influence previous financial disclosures.

Important Deadlines and Registration Details

Shareholders are encouraged to register for the class action by July 8, 2025. Current investors who acquired BITF shares in the specified period can safeguard their interests by signing up. Registration will include access to portfolio monitoring software, which will provide ongoing updates throughout the litigation process.

To register or obtain more information, shareholders can visit the Gross Law Firm’s dedicated webpage. The participation process does not incur costs, making it accessible for all shareholders concerned about their investments.

Why Choose The Gross Law Firm?

The Gross Law Firm is recognized nationally for its work in class action lawsuits and remains devoted to securing the rights of investors. Their commitment involves ensuring that corporate entities engage in transparent practices, thereby upholding ethical standards of business conduct. The firm’s professional legal team strives to achieve maximum recoveries for investors affected by misleading corporate statements, aiding them as they navigate potentially distressing circumstances.

For further information, you can contact the Gross Law Firm at the following:

• - Address: 15 West 38th Street, 12th floor, New York, NY, 10018
• - Phone: (646) 453-8903
• - Email: contact@securitiesclasslaw.com

Investors should proactively engage with the ongoing class action elements to protect their rights and investments. Staying informed could significantly impact any potential recoveries in the future.

Conclusion

Investors should keep a close watch on developments related to this case. Those involved in Bitfarms Ltd. must act swiftly to ensure they do not miss any deadlines pertinent to the class action. The Gross Law Firm stands ready to assist affected shareholders in understanding their options moving forward. The implications of this lawsuit could be far-reaching, making it imperative for shareholders to remain vigilant and engaged.