INVESTOR ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Bitfarms Ltd. - BITF

Core Viewpoint - Pomerantz LLP is investigating claims on behalf of investors of Bitfarms Ltd. regarding potential securities fraud or unlawful business practices by the company and its officers or directors [1]. Group 1: Financial Misstatements - On December 9, 2024, Bitfarms announced that its consolidated financial statements for the fiscal years 2022 and 2023 contained a material error related to the classification of proceeds from digital asset sales, necessitating a restatement [3]. - The company also identified an accounting error concerning the redemption of warrants in 2023, which prompted further adjustments [3]. Group 2: Market Reaction - Following the announcement of the financial misstatements, Bitfarms' stock price fell by $0.13 per share, or 6.07$2.01 per share on December 10, 2024 [4]. Group 3: Legal Context - Pomerantz LLP is recognized as a leading firm in corporate, securities, and antitrust class litigation, with a history of fighting for the rights of victims of securities fraud and corporate misconduct [5].