Core Viewpoint - Bitdeer Technologies Group is under investigation for potential violations of federal securities laws following disappointing financial results and delays in product development [1][2]. Financial Performance - On November 10, 2025, Bitdeer reported an unaudited loss of $1.28 per share for Q3 2025, significantly worse than the expected loss of $0.22 per share [2]. - The company's stock price dropped by $2.63, or 14.90%, closing at $15.02 per share on November 11, 2025, as a result of the negative news [3]. Product Development - Bitdeer disclosed substantial delays in the development of its next-generation Seal 04 ASIC chip, which contradicted earlier positive statements made by the company regarding the chip's progress [2].

NEW YORK, Dec. 08, 2025 (GLOBE NEWSWIRE) -- Bernstein Liebhard LLP announces that a shareholder has filed a securities class action lawsuit on behalf of investors (the “Class”) who purchased or acquired the securities of Bitdeer Technologies Group (“Bitdeer” or the “Company”) (NASDAQ: BTDR) between June 6, 2024 through November 10, 2025, inclusive (the “Class Period”).  For more information, submit a form at Bitdeer Technologies Group Shareholder Class Action Lawsuit, email Investor Relations Manager Peter ...

Core Viewpoint - A class action lawsuit has been filed against Bitdeer Technologies Group and certain officers for alleged violations of federal securities laws during the defined class period from June 6, 2024, to November 10, 2025 [1][2]. Group 1: Allegations - The lawsuit claims that Bitdeer made materially false and misleading statements while concealing adverse facts about the SEALMINER A4 project [3]. - It is alleged that the SEAL04 chip, which was expected to achieve a chip-level energy efficiency of 5 J/TH, would not be ready for use in the A4 rigs as previously represented [3]. - The complaint also states that mass production of the SEAL04 chip was not anticipated to begin in the second quarter of 2025 as earlier indicated [3]. Group 2: Legal Process - Investors who purchased Bitdeer securities during the class period are encouraged to join the lawsuit, with a deadline to request lead plaintiff status by February 2, 2026 [2][4]. - The law firm representing the investors operates on a contingency fee basis, meaning they will only collect fees if the case is successful [5]. Group 3: Law Firm Background - Bronstein, Gewirtz & Grossman, LLC is a nationally recognized law firm specializing in securities fraud class actions and has recovered hundreds of millions of dollars for investors [6].

Core Viewpoint - Faruqi & Faruqi LLP is investigating potential claims against Bitdeer Technologies Group, reminding investors of the February 2, 2026 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit against the company [2][4]. Group 1: Legal Action and Investor Information - The class action lawsuit alleges that Bitdeer and its executives violated federal securities laws by making false or misleading statements regarding the efficiency and readiness of their SEALMINER A4 rigs and SEAL04 ASIC chip technology [4]. - Investors who purchased Bitdeer securities between June 6, 2024, and November 10, 2025, are encouraged to contact Faruqi & Faruqi to discuss their legal rights [1][2]. - The lead plaintiff in the class action will be the investor with the largest financial interest who is typical of class members, and any member can move to serve as lead plaintiff [7]. Group 2: Financial Performance and Stock Impact - On November 10, 2025, Bitdeer reported a third-quarter earnings per share of -$1.28, missing the consensus estimate of -$0.22, and disclosed significant delays in the development of its next-generation Seal 04 ASIC chip [5]. - Following this announcement, Bitdeer's stock price fell by $2.63, or 14.9%, closing at $15.02 per share on November 11, 2025 [5]. - A subsequent fire incident at Bitdeer's under-construction facility in Ohio on November 11, 2025, led to an additional stock price drop of $2.83, or 20.3%, closing at $11.11 per share on November 13, 2025 [6].

Core Insights - A class action lawsuit has been filed against Bitdeer Technologies Group for allegedly misleading investors about its business prospects and the development of its SEALMINER A4 machine [1][2] Allegations - The complaint claims that Bitdeer misrepresented its progress on the SEAL04 ASIC chip technology, which was expected to enhance energy efficiency and increase revenue through self-mining and external sales in fiscal year 2025 [2] - It is alleged that the company faced issues with the SEAL04 chip design, leading to delays in production and a dual-track approach to ensure mass production [2] Financial Performance - On November 10, 2025, Bitdeer reported a net loss of $266.7 million, or $1.28 per share, primarily due to increased operating expenses related to R&D of its ASIC roadmap [3] - Following the announcement of these financial results, Bitdeer's stock price fell over 14%, from $17.65 per share to $15.02 per share [3] Class Action Participation - Shareholders interested in serving as lead plaintiffs must file their papers by February 2, 2026, but participation is not required to be eligible for recovery [4] Company Background - Robbins LLP is noted for its focus on shareholder rights litigation, aiming to help shareholders recover losses and improve corporate governance since 2002 [5]

NEW YORK CITY & NEW ORLEANS--(BUSINESS WIRE)--Kahn Swick & Foti, LLC ("KSF†) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors with substantial losses that they have until February 2, 2026 to file lead plaintiff applications in a securities class action lawsuit against Bitdeer Technologies Group ("Bitdeer†or the "Company") (NasdaqCM: BTDR), if they purchased or otherwise acquired the Company's securities between June 6, 2024 and November 10, 2025. ...

Core Viewpoint - A class action has been filed against Bitdeer Technologies Group, alleging that the company misled investors regarding its business prospects and the development of its SEALMINER A4 machine [1][2]. Allegations - The complaint claims that Bitdeer created a false impression of having reliable information about the SEAL04 ASIC chip technology, which was expected to enhance revenue through self-mining and external sales in fiscal year 2025 [2]. - It is alleged that the company misrepresented the progress of the SEAL04 chip design, which ultimately led to delays in production and a dual-track approach to ensure mass production [2]. Financial Results - On November 10, 2025, Bitdeer announced a net loss of $266.7 million, or $1.28 per share, primarily due to increased operating expenses related to R&D of its ASIC roadmap [3]. - Following the announcement, Bitdeer's stock price fell over 14%, from $17.65 per share to $15.02 per share [3]. Class Action Participation - Shareholders may be eligible to participate in the class action against Bitdeer, with a deadline to file as lead plaintiff by February 2, 2026 [4]. - Shareholders can choose to remain absent class members without participating in the case [4]. Company Background - Robbins LLP is noted as a leader in shareholder rights litigation, focusing on helping shareholders recover losses and improve corporate governance since 2002 [5].

Core Viewpoint - The complaint against Bitdeer alleges violations of federal securities laws due to misleading statements regarding the SEALMINER A4 project and delays in the development of the SEAL04 chip [2]. Financial Performance - On November 10, 2025, Bitdeer reported unaudited Q3 2025 results with an earnings per share of -$1.28, missing 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 on November 11, 2025 [3]. Incident Reporting - On November 12, 2025, Bitdeer reported a fire incident at its construction facility in Massillon, Ohio, which occurred on November 11, damaging 2 out of 26 buildings [4]. - The stock price fell further by $2.83, or 20.3%, closing at $11.11 on November 13, 2025, following the fire incident announcement [4]. Legal Proceedings - The lead plaintiff in the class action lawsuit is the investor with the largest financial interest, who will oversee the litigation on behalf of the class [5]. - Any member of the class can apply to serve as lead plaintiff or remain an absent class member without affecting their ability to share in any recovery [5]. Whistleblower Information - The law firm Faruqi & Faruqi encourages individuals with information regarding Bitdeer's conduct, including whistleblowers and former employees, to come forward [6].

Core Insights - Multiple Bitcoin mining stocks are experiencing gains as network difficulty decreases and Bitcoin prices improve, leading to better mining revenues [1] - Year-to-date performance shows significant gains for several companies, with IREN leading at 357% [3] Company Performance - MARA gained 11.97% this week, followed by CleanSpark at 11.75%, Core Scientific at 5.56%, and Hut 8 at 1.04% [2] - American Bitcoin saw a significant drop of 42.38% due to an investor unlock, while IREN fell by 4.13% after a convertible note announcement [2] - Year-to-date, IREN has a 357% gain, Terawulf at 154%, and Hut 8 at 104%, while MARA is down 28% for the year [3] Mining Economics - Hashprice has dropped below $40 per petahash per day, indicating that operator revenues are at a new low despite the decrease in mining difficulty [3] - The average machine operates at 32 joules per terahash, with a break-even hashcost of approximately $38.40 per petahash per day at a power cost of $0.05 per kilowatt-hour [4] - Many miners are close to or below profitability, potentially needing to rely on cash reserves or reduce operations to manage costs [4] Monthly Mining Reports - Riot and CleanSpark reported 428 and 587 Bitcoin mined in November, respectively, while Cango mined 546 Bitcoin, slightly lower than the previous month [5] - Bitdeer, a Bitcoin miner and ASIC manufacturer, is facing a lawsuit regarding alleged miscommunications about its new unit's performance and production timelines [5]

Core Points - A shareholder class action lawsuit has been filed against Bitdeer Technologies Group alleging that the company made materially false and misleading statements regarding the SEAL04 chip's energy efficiency and its readiness for mass production in A4 rigs [1] - The lawsuit claims that Bitdeer failed to disclose critical information about the SEAL04 chip, which was projected to have an energy efficiency of 5 J/TH and was expected to begin mass production in the second quarter of 2025 [1] Legal Information - Shareholders who purchased Bitdeer shares between June 6, 2024, and November 10, 2025, and suffered significant losses are encouraged to contact legal representatives for assistance [2] - The deadline for shareholders to request to be appointed as lead plaintiff in the case is February 2, 2026 [3]