Core Viewpoint - A securities class action lawsuit has been filed against Bitdeer Technologies Group for allegedly making false and misleading statements regarding its business operations and prospects during the class period from June 6, 2024, to November 10, 2025 [1]. Group 1: Allegations Against Bitdeer - The lawsuit claims that Bitdeer misrepresented issues related to the SEAL04 chip design, which caused production delays [2]. - Bitdeer allegedly adopted a "dual-track approach" to create two independent designs to compensate for lost progress, while still assuring the public that production timelines were on track [2]. - As a result of these actions, the statements made by Bitdeer regarding its business and operations were deemed materially false and misleading [2]. Group 2: Lead Plaintiff Process - Investors in Bitdeer have until February 2, 2026, to seek appointment as lead plaintiff, representing the class in the litigation [3]. - The lead plaintiff is typically the investor or group of investors with the largest financial interest and who are representative of the class [3]. - Participation as a lead plaintiff does not affect the ability of other investors to share in any recovery from the lawsuit [3]. Group 3: Law Firm Information - Kessler Topaz Meltzer & Check, LLP is a prominent law firm specializing in securities-fraud class actions and represents both individual and institutional investors [4]. - The firm has achieved significant recoveries in securities litigation and has received numerous accolades for its work in this field [4].

Core Viewpoint - A securities class action lawsuit has been filed against Bitdeer Technologies Group for allegedly making materially false and misleading statements regarding its business operations and prospects during the class period from June 6, 2024, to November 10, 2025 [1][2]. Group 1: Allegations Against Bitdeer - The lawsuit claims that Bitdeer misrepresented issues related to the SEAL04 chip design, which caused production delays [2]. - Bitdeer allegedly adopted a "dual-track approach" to create two independent designs to compensate for lost progress, while still assuring the public that production timelines were on track [2]. - As a result of these actions, the statements made by Bitdeer regarding its business and operations were deemed materially false and misleading [2]. Group 2: Lead Plaintiff Process - Investors in Bitdeer can seek to be appointed as lead plaintiff representatives by February 2, 2026, or choose to remain absent class members [3]. - The lead plaintiff will represent the interests of all class members and select counsel to direct the litigation [3]. - Participation as a lead plaintiff does not affect the ability of other investors to share in any recovery from the lawsuit [3]. Group 3: Law Firm Background - Kessler Topaz Meltzer & Check, LLP is a prominent U.S. law firm specializing in securities-fraud class actions and investor protection [4]. - The firm has a history of leading significant recoveries in securities litigation and has received numerous accolades for its work [4]. - KTMC operates globally with offices in Pennsylvania and California, representing both individual and institutional investors [4].

Core Viewpoint - A class action lawsuit has been filed against Bitdeer Technologies Group for allegedly providing misleading information regarding its SEALMINER Bitcoin mining machine, leading to inflated securities prices during the class period from June 6, 2024, to November 10, 2025 [1][5][6]. Group 1: Lawsuit Details - The lawsuit claims that Bitdeer provided investors with optimistic statements about the mass production of its fourth-generation SEALMINER (A4) rigs, which were expected to utilize a new ASIC chip technology with energy efficiency as low as 5 J/TH [5][6]. - Defendants allegedly failed to disclose critical information about the readiness of the SEAL04 chip for the A4 rigs, which was not expected to begin mass production until the second quarter of 2025 [6]. - The misleading statements reportedly caused investors to purchase Bitdeer securities at artificially inflated prices, resulting in damages when the true state of the project was revealed [6]. Group 2: Class Action Participation - Investors who purchased Bitdeer securities during the class period may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - Interested parties can join the class action by visiting the provided link or contacting the law firm directly [3][7]. - A lead plaintiff is needed to represent the class, and interested individuals must file their motion by February 2, 2026 [1][3].

Core Viewpoint - A class action lawsuit has been filed against Bitdeer Technologies Group for alleged securities fraud, following a significant financial loss reported by the company and misleading statements regarding its product development [1][5]. Group 1: Lawsuit Details - The class action lawsuit is on behalf of shareholders who purchased Bitdeer securities between June 6, 2024, and November 10, 2025, with a deadline for filing a lead plaintiff motion set for February 2, 2026 [1]. - The lawsuit alleges that Bitdeer made materially false and misleading statements about its business operations and prospects, particularly regarding the development of its SEAL04 ASIC chip [5]. Group 2: Financial Performance - On November 10, 2025, Bitdeer reported a per-share loss of $1.28 for the third quarter of 2025, significantly worse than the expected loss of $0.22 [3]. - Following the announcement of these results, Bitdeer's stock price dropped by $2.63, or 14.90%, closing at $15.02 per share on November 11, 2025 [4]. Group 3: Product Development Issues - The company disclosed that the development of its next-generation SEAL04 ASIC chip had been substantially delayed, contradicting earlier positive statements made by Bitdeer regarding the chip's readiness [3]. - The SEAL04 chip was projected to have a chip-level energy efficiency of 5 J/TH, with mass production expected to begin in the second quarter of 2025, which was not met [5].

Investment Rating - The report maintains an "Accumulate" rating for the industry [6] Core Insights - In recent years, several Bitcoin mining companies have partnered with AI cloud providers, utilizing part of their electricity for GPU hosting and developing AIDC (AI Data Center) businesses, with contracts totaling $53.6 billion and involving 1.959 GW of power [1][11] - The market perceives that Bitcoin mining companies primarily have an advantage in electricity resources compared to other AIDC competitors, but many have prior experience in self-operated cloud services [4][10] - The report suggests that companies with more AI electricity capacity tend to have higher market valuations, with average valuations of $4.73 million/MW for total electricity, $12.26 million/MW for mining electricity, and $144 million/MW for AI electricity [4][55] Summary by Sections 1. Current Status of Bitcoin Mining Transformation to AIDC - As of November 3, 2025, six Bitcoin mining companies have signed contracts with at least five cloud providers, totaling $53.6 billion and involving 1.959 GW of power [1][11] - Over 50% of the AI cloud providers that signed contracts with Bitcoin mining companies are emerging firms, with Coreweave being the largest [2][13] - The average contract duration for AIDC projects is 14 years, with a minimum of 5 years and a maximum of 25 years [3][24] - The average price for key IT load contracts is $1.73 million/MW/year, indicating a consistent pricing structure across projects [3][27] 2. Reasons and Models for Transformation - The transition to AIDC is driven by the uncertainty in revenue and profitability from Bitcoin mining, which faces challenges such as fluctuating prices and increasing competition [33][35] - AIDC offers higher gross margins compared to Bitcoin mining, with various projects reporting net operating income margins between 80% and 88% [40][39] 3. Self-Operated Cloud Services by Mining Companies - Companies like Iris Energy, Hive Digital, and Bitdeer are actively developing self-operated AI cloud services, with Iris Energy expected to operate 140,000 GPUs by the end of 2026 [43][47] - Bitdeer plans to operate 1,160 GPUs by the end of 2025, while Hive Digital aims to exceed 11,000 GPUs by the end of 2026 [44][51] 4. Future Outlook for AIDC Transformation - The report anticipates an acceleration in the transformation of Bitcoin mining companies to AIDC, as companies with more AI electricity capacity are valued higher in the market [55] - The report highlights the importance of companies having substantial electricity reserves and experience in AI cloud services for future investment opportunities [4][55]

Core Viewpoint - A class action lawsuit has been filed against Bitdeer Technologies Group for allegedly misleading investors regarding its financial performance and the development of its next-generation ASIC chip [1][5]. Financial Performance - On November 10, 2025, Bitdeer reported a per-share loss of $1.28 for Q3 2025, significantly worse than the expected loss of $0.22 [3]. - Following the announcement, Bitdeer's stock price dropped by $2.63, or 14.90%, closing at $15.02 per share on November 11, 2025 [4]. Lawsuit Details - The lawsuit claims that Bitdeer made materially false and misleading statements throughout the class period, failing to disclose significant adverse facts about its business and operations [5]. - Specifically, the complaint highlights that the development of the SEAL04 chip, which was expected to have a chip-level energy efficiency of 5 J/TH, faced substantial delays, contradicting earlier positive statements made by the company [5].

Core Viewpoint - Rosen Law Firm has announced a class action lawsuit on behalf of purchasers of Bitdeer Technologies Group securities between June 6, 2024, and November 10, 2025, due to alleged misleading statements regarding the company's SEALMINER Bitcoin mining machine [1][5][6]. Group 1: Lawsuit Details - The lawsuit claims that Bitdeer provided investors with positive information about its SEALMINER A4 rigs and their expected energy efficiency of 5 J/TH while failing to disclose critical facts about the project's true state [5][6]. - Defendants allegedly made false statements that led to investors purchasing Bitdeer securities at artificially inflated prices, resulting in damages when the true information became public [6]. Group 2: Participation Information - Investors who purchased Bitdeer securities during the class period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - To join the class action, interested parties can visit the provided link or contact the law firm directly for more information [3][7].

Core Viewpoint - BitDeer Technologies Group is facing a class action lawsuit due to significant financial losses and operational delays, particularly related to its next-generation ASIC chip development [1][3]. Group 1: Legal Action - The Portnoy Law Firm is advising BitDeer investors to join a class action lawsuit for those who purchased securities between June 6, 2024, and November 10, 2025 [1]. - Investors have until February 2, 2026, to file a lead plaintiff motion [1]. Group 2: Financial Performance - BitDeer reported an earnings per share of -$1.28 for Q3 2025, which was a significant miss compared to the consensus estimate of -$0.22 [3]. - Following the earnings report, BitDeer's stock price dropped by $2.63, or 14.9%, closing at $15.02 per share on November 11, 2025 [3]. Group 3: Operational Issues - The company disclosed that the development of its next-generation Seal 04 ASIC chip is significantly delayed, contributing to investor concerns [3].

Core Viewpoint - A class action lawsuit has been filed against Bitdeer Technologies Group for alleged violations of the Securities Exchange Act, specifically regarding misleading statements about the production timeline of the SEAL04 chip and the SEALMINER A4 project [1][2]. Group 1: Lawsuit Details - The class period for the lawsuit is from June 6, 2024, to November 10, 2025, with a deadline for lead plaintiff appointments set for February 2, 2026 [2]. - The complaint alleges that Bitdeer made false and misleading statements, particularly about the mass production of the SEAL04 chip, which was not expected to begin in Q2 2025 as previously indicated [2]. Group 2: Investor Participation - Shareholders who purchased shares of Bitdeer during the class period are encouraged to contact the law firm for potential lead plaintiff appointments, although such an appointment is not necessary to participate in any recovery [2][3].

Core Viewpoint - Bitdeer Technologies Group is facing a securities class action lawsuit for failing to disclose material information during the class period, which has led to significant financial losses for investors [3][4]. Group 1: Lawsuit Details - Investors have until February 2, 2026, to file lead plaintiff applications in the class action lawsuit against Bitdeer, covering the period from June 6, 2024, to November 10, 2025 [1]. - The lawsuit is pending in the United States District Court for the Southern District of New York, under the case name Ismail N. Sakar v. Bitdeer Technologies Group, et al., No. 25-cv-10069 [5]. Group 2: Financial Performance - On November 10, 2025, Bitdeer reported a net loss of $266.7 million, or $1.28 per share, attributed to increased operating expenses related to research and development of its ASICs roadmap [4]. - Following the announcement of these financial results, Bitdeer's share price dropped from $17.65 to $15.02, a decline of over 14% [4]. Group 3: Investor Support - ClaimsFiler provides a free service for investors to recover funds from securities class action settlements, offering resources to register for claims and access relevant information [6]. - Investors can also upload their portfolio transactional data to receive notifications about securities cases that may affect them [6].