Bitfarms Class Action Lawsuit Filed

Rosen Law Firm has filed a class action lawsuit against Bitfarms, a publicly traded company, on behalf of investors who purchased its securities between March 21, 2023, and December 9, 2024. The lawsuit alleges that Bitfarms made false and misleading statements by maintaining deficient internal controls over financial reporting. Specifically, Bitfarms is accused of incorrectly categorizing proceeds from digital asset sales as operating activities instead of investing activities, and overstating its ability to remediate material weaknesses related to the classification of 2021 Warrants. These alleged errors caused Bitfarms to misstate various items in its financial statements, which may require restatement. Investors are encouraged to join the class action, with a lead plaintiff deadline of July 8, 2025. Philip Kim and Lawrence Rosen of Rosen Law Firm are leading the efforts.