#United States #New York #Securities Class Action #Rosen Law #Bitfarms

Rosen Law Firm's Call to Bitfarms Ltd. Investors

In a significant development for shareholders, the Rosen Law Firm has announced an investigation into potential securities claims concerning Bitfarms Ltd. This inquiry arises from serious allegations suggesting that the company may have issued materially misleading information to the investing public. For those who have purchased Bitfarms securities on NASDAQ under the ticker BITF, there could be paths to recovery without incurring upfront costs.

Background of the Investigation

The investigation follows a press release from Bitfarms dated December 9, 2024, which revealed a troubling announcement: the company had to restate its financial statements for the fiscal years ending December 31, 2023, and 2022. This revision was necessary to correct a material error in how proceeds from the sale of digital assets were classified and also to address errors in the accounting related to warrants redeemed in 2023. The gravity of this news triggered an immediate reaction in the stock market, resulting in a 6% drop in Bitfarms' stock price the next day.

What This Means for Shareholders

For investors who feel they may have been wronged by this situation, the opportunity to join a prospective class action is open. The Rosen Law Firm is well-known for their expertise in securities class actions and shareholder derivative litigation, boasting an impressive track record of success in recovering substantial settlements for investors. Interested parties can visit the firm’s dedicated webpage to submit their information or can reach out via phone or email for further clarification on the class action process.

Why Choose Rosen Law Firm

Rosen Law Firm emphasizes the importance of selecting counsel that has a proven success rate in such cases. Many firms that issue notices regarding class actions may lack the resources or recognition that effective litigation requires. In contrast, Rosen Law has a distinguished history, including achieving the largest securities class action settlement against a Chinese company at the time, and being ranked as one of the leading firms in terms of securities class action settlements. In 2019 alone, the firm secured over $438 million for its clients, underscoring their commitment and capability.

Final Thoughts

As the situation around Bitfarms Ltd. continues to unfold, shareholders are encouraged to stay informed and consider their options moving forward. Following the investigations and potential legal actions, Rosen Law Firm will keep interested parties updated through various social media platforms including LinkedIn, Twitter, and Facebook. Under the leadership of experienced attorneys such as Laurence Rosen and Phillip Kim, the firm stands ready to navigate the complexities of securities class actions, ensuring that investors receive the representation they deserve.

For more detailed inquiries regarding the ongoing investigation or to join the class action, please refer to the contact information provided in the original press release. The pursuit of investor compensation hinges upon taking informed and timely action, making this a crucial moment for Bitfarms shareholders.