Bitfarms is under scrutiny due to a class action lawsuit concerning its financial practices. The company must revise its 2022 and 2023 financials after the SEC identified misclassified digital asset sales as operating cash flow instead of investing cash flow.
Following the announcement, Bitfarms’ credibility has been called into question, causing the share price to drop rapidly by 6%. This could potentially lead to further regulatory scrutiny and impact investor confidence moving forward.
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