Bitfarms Ltd. Class Action Lawsuit - BITF

The filed complaint alleges that Bitfarms Ltd. made materially false and/or misleading statements and/or failed to disclose that: (i) Bitfarms maintained deficient internal controls over financial reporting; (ii) as a result, the Company incorrectly categorized proceeds derived from the sale of digital assets as a cash flow from operating activities rather than as a cash flow from investing activities; (iii) in addition, the Company overstated the extent to which it had remediated, and/or its ability to remediate, the material weakness in its internal controls over financial reporting related to its classification of the 2021 Warrants; (iv) the foregoing errors caused Bitfarms to misstate various items in several of the Company’s previously issued financial statements; (v) as a result, these financial statements were inaccurate and would likely need to be restated; and (vi) as a result, the Company’s public statements were materially false and misleading at all relevant times.

In order to be eligible to join the BITF class action lawsuit, you must have incurred a loss on shares of Bitfarms Ltd. purchased during the class period listed above.

If you suffered a loss in Bitfarms Ltd. during the relevant time frame or pursuant to the relevant offering(s), you have until July 8, 2025 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.