Bitdeer (NASDAQ: BTDR) announced Monday it mined 526 bitcoin in November 2025, representing a 251% increase compared to the same period last year. The company attributed the production growth to the continued deployment of its proprietary SEALMINER rigs, with Bitdeer’s self-mining hashrate reaching 45.7 EH/s during the month. The company expects to surpass 50 EH/s by the end of the year, per Bitdeer Chief Business Officer Matt Kong. Bitdeer would join MARA (NASDAQ: MARA), IREN (NASDAQ: IREN), CleanSpark ...

Core Insights - Bitdeer Technologies Group reported significant growth in Bitcoin production and self-mining hashrate, with a year-over-year increase of 251% in Bitcoin mined, totaling 526 Bitcoins in November 2025 [5][7] - The company is actively scaling its AI cloud services, achieving an Annual Recurring Revenue (ARR) of approximately $10 million, up from $8 million in October 2025, indicating strong market demand [5][6] Operational Update - The total proprietary hash rate deployed increased to 47.3 EH/s in November 2025, up from 41.3 EH/s in October 2025 [3][7] - The cumulative deployment of SEALMINER A2 reached 34.3 EH/s, while SEALMINER A3 saw a deployment of 0.6 EH/s [3] - The total hash rate under management as of November 30, 2025, was 60.3 EH/s, compared to 55.5 EH/s in October 2025 [7] SEALMINER R&D - The SEAL04-1 chip demonstrated improved power efficiency of approximately 6-7 J/TH, with mass production targeted for Q1 2026 [6] - The company plans to continue deploying SEALMINER mining rigs while retiring older-generation third-party rigs [5] Infrastructure and Operations - Bitdeer has secured a 2 MW AI data center lease in Malaysia, expected to launch by year-end 2025 [6] - The company is actively evaluating U.S. data center leasing opportunities to enhance its AI cloud services, with several projects in various stages of development [10][13] - Total global electrical capacity stands at 2,992 MW, with ongoing projects expected to increase capacity further [13][14] Management Commentary - The Chief Business Officer highlighted expectations to achieve a self-mining hashrate milestone of 50 EH/s by year-end 2025, with continued growth planned through 2026 [7] - The company is focused on scaling its GPU infrastructure to meet the growing demand for high-performance computing [7]

NEW YORK, Dec. 15, 2025 (GLOBE NEWSWIRE) -- Bernstein Liebhard LLP: Do you, or did you, own shares of Bitdeer Technologies Group (NASDAQ: BTDR)?Did you purchase your shares between June 6, 2024 and November 10, 2025, inclusive?Did you lose money in your investment in Bitdeer Technologies Group?Do you want to discuss your rights? Bernstein Liebhard LLP, a nationally acclaimed investor rights law firm, reminds Bitdeer Technologies Group (“Bitdeer” or the “Company”) (NASDAQ: BTDR) investors of an upcoming dead ...

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][2]. Summary by Sections Allegations Against Defendants - The complaint claims that Bitdeer misrepresented its SEAL04 chip design progress, leading to production delays [2] - Bitdeer 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, statements made by the defendants regarding the company's business and operations were materially false and misleading [2] Lead Plaintiff Process - Investors in Bitdeer can seek to be appointed as lead plaintiff by February 2, 2026, or may choose to remain absent from the class [3] - The lead plaintiff represents the interests of all class members and selects counsel to direct the litigation [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 multiple accolades for its work [4]

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Bitdeer Technologies Group due to alleged violations of federal securities laws related to misleading statements about the company's SEALMINER A4 project and its delayed chip development [2][4]. Financial Performance - Bitdeer reported a third-quarter earnings per share of -$1.28, which significantly missed the consensus estimate of -$0.22, leading to a stock price drop of $2.63 (14.9%) to close at $15.02 on November 11, 2025 [5]. - Following a fire incident at its construction facility, Bitdeer's stock fell an additional $2.83 (20.3%) to close at $11.11 on November 13, 2025 [6]. Legal Proceedings - A federal securities class action has been filed against Bitdeer, with a deadline of February 2, 2026, for investors to seek the role of lead plaintiff [2][7]. - The lead plaintiff is defined as the investor with the largest financial interest who directs and oversees the litigation on behalf of the class [7]. Company Background - Faruqi & Faruqi, LLP is a national securities law firm that has recovered hundreds of millions of dollars for investors since its establishment in 1995 [3].

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]