PANews reported on May 11 that according to Globenewswire, Nasdaq-listed mining company Bitfarms and some of its executives have been sued in a class action lawsuit filed by law firm Pomerantz in the United States District Court for the Eastern District of New York. In March 2024, the company discovered a significant deficiency in its internal financial reporting controls related to the company's classification of 2021 warrants. In response, Bitfarms has been saying that it is taking remedial measures and that it will complete the remediation plan in 2024, which means that Bitfarms has made significant false and misleading statements about its business, operations and prospects, causing its stock price to fall at the end of last year, and is suspected of violating U.S. securities laws.