Bitfarms Ltd. (BITF)
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Bitfarms Ltd. (“Bitfarms” or “the Company”) (NASDAQ: BITF). Investors who purchased Bitfarms securities are encouraged to obtain additional information and assist the investigation.
The investigation concerns whether Bitfarms has violated federal securities laws.
Investigation Details
On December 9, 2024, after the market closed, Bitfarms issued a press release entitled “Bitfarms Announces Restatement of Previously Issued Financial Statements.” In this press release, Bitfarms announced that it had “determined that its previously issued consolidated financial statements for the fiscal years ended December 31, 2023 and 2022 [. . .] should be restated to correct a material error in the classification of proceeds derived from the sale of digital assets.” Bitfarms further announced that it is “also restating its financials to adjust for an error in the accounting for the redemption of warrants in 2023.” On this news, the price of Bitfarms stock fell 6% on December 10, 2024.
What’s Next?
If you are aware of any facts relating to this investigation or purchased Bitfarms securities, you can assist this investigation. You can also contact Peretz Bronstein or his client relations manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660
There is No Cost to You
We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys’ fees, usually a percentage of the total recovery, only if we are successful.
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Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
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Contact
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Nathan Miller
332-239-2660 | [email protected]