#United States #New York #Levi & Korsinsky #Securities Fraud #Bitfarms Ltd

Class Action Against Bitfarms Ltd.

As investors in Bitfarms Ltd. face uncertainties stemming from alleged fraudulent practices, Levi & Korsinsky, LLP has reached out to invite affected shareholders to consider joining a class action lawsuit. This lawsuit is meant to address securities fraud claims that arose between March 21, 2023, and December 9, 2024.

What’s Happening?

On June 10, 2025, Levi & Korsinsky announced that it filed a class action lawsuit regarding Bitfarms, a cryptocurrency mining company traded on NASDAQ under the ticker BITF. The lawsuit aims to recover losses for those who have been adversely affected by purported misrepresentations and omissions regarding the company’s financial health and internal controls.

The lawsuit alleges that Bitfarms misled investors by presenting inaccurate financial statements that failed to disclose critical weaknesses in their accounting practices. Specifically, it is accused of improperly categorizing cash flow from the sales of digital assets. Furthermore, Bitfarms allegedly stated it had resolved significant internal control weaknesses related to its financial reporting, a claim that has come under scrutiny as the company’s financial disclosures have come into doubt.

Class Definition and Details

The definition of the investor class encompasses those who acquired Bitfarms shares during the specified period and experienced financial losses due to the alleged securities fraud. It includes individuals who believed Bitfarms had sound management practices based on the public statements provided by the company, which were subsequently revealed as misleading.

Levi & Korsinsky has provided a link for investors to obtain further information and facilitate joining the lawsuit. Interested parties can reach out to the firm directly through email or phone for additional support.

What Should Investors Do?

For those who suffered losses during the relevant timeframe, it is crucial to act before the deadline of July 8, 2025, to request to be appointed as lead plaintiff in the action. However, it is essential to note that being appointed as lead plaintiff is not necessary for investors to share in any potential recovery from the action.

This class action offers a no-cost opportunity for investors to seek compensation for their losses without the burden of upfront legal fees. Levi & Korsinsky ensures that class members are not charged any out-of-pocket costs for participation.

Why Choose Levi & Korsinsky?

With an extensive track record of representing investors and recovering substantial sums through class action lawsuits, Levi & Korsinsky is well-equipped to handle complex securities litigation. For over two decades, the firm has established itself as a leader in the field, recognized as one of the top securities litigation firms in the United States.

The firm’s expertise spans numerous high-stakes cases, with a dedicated team of over 70 employees focused on client needs.

In conclusion, if you are an investor in Bitfarms Ltd. and believe you have been misled, now is the time to consider participating in this class action lawsuit. Your action could play a pivotal role in seeking justice and accountability from the company’s management.