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BTDR SHAREHOLDER ACTION REMINDER: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Bitdeer Technologies
Globenewswire· 2025-12-20 12:43
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Bitdeer Technologies Group due to alleged violations of federal securities laws, particularly concerning misleading statements about the company's SEALMINER A4 project and its delayed chip development [4][6]. Group 1: Legal Investigation and Class Action - Faruqi & Faruqi is encouraging investors who suffered losses in Bitdeer to contact them to discuss legal options [1]. - 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 [4]. - The complaint alleges that Bitdeer and its executives made false statements regarding the readiness and efficiency of the SEAL04 chip [6]. Group 2: Financial Performance and Stock Impact - Bitdeer reported a third-quarter earnings per share of -$1.28, missing the consensus estimate of -$0.22, which led to a stock price drop of $2.63 per share (14.9%) to close at $15.02 on November 11, 2025 [7]. - Following a fire incident at its construction facility, Bitdeer's stock fell another $2.83 per share (20.3%) to close at $11.11 on November 13, 2025 [8]. Group 3: Company Background and Recovery Efforts - Faruqi & Faruqi has recovered hundreds of millions of dollars for investors since its founding in 1995, indicating a strong track record in securities law [5]. - The firm is also seeking information from whistleblowers, former employees, and shareholders regarding Bitdeer's conduct [10].
Bitdeer Technologies Group Securities Fraud Class Action Result of Undisclosed Financial Problems and 14% Stock Decline - Investors may Contact Lewis Kahn, Esq, at Kahn Swick & Foti, LLC
Prnewswire· 2025-12-20 03:46
Core Viewpoint - Bitdeer Technologies Group is facing a securities class action lawsuit due to alleged failure to disclose material information during the class period, leading to significant financial losses for investors [3][4]. Group 1: Lawsuit Details - Investors who suffered substantial losses from purchasing Bitdeer securities between June 6, 2024, and November 10, 2025, have until February 2, 2026, to file lead plaintiff applications [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, marking a decline of over 14% [4]. Group 3: Legal Representation - Kahn Swick & Foti, LLC, a prominent securities litigation law firm, is representing the investors in this case [5]. - The firm has been recognized among the top 10 firms nationally based on total settlement value, serving both institutional and retail investors [5].
ROSEN, A TOP RANKED LAW FIRM, Encourages Bitdeer Technologies Group Investors to Secure Counsel Before Important Deadline in Securities Class Action - BTDR
Globenewswire· 2025-12-19 20:34
Core Viewpoint - Rosen Law Firm is reminding investors who purchased Bitdeer Technologies Group securities between June 6, 2024, and November 10, 2025, of the upcoming lead plaintiff deadline on February 2, 2026 [1] Group 1: Class Action Details - Investors who purchased Bitdeer securities during the specified Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2] - A class action lawsuit has already been filed, and interested parties can join by contacting Rosen Law Firm [3][7] - To serve as lead plaintiff, individuals must file a motion with the Court by February 2, 2026 [3] Group 2: Law Firm Credentials - Rosen Law Firm specializes in securities class actions and has a strong track record, including the largest securities class action settlement against a Chinese company [4] - The firm has been ranked No. 1 for securities class action settlements in 2017 and has consistently ranked in the top 4 since 2013, recovering hundreds of millions for investors [4] - In 2019, the firm secured over $438 million for investors, and its founding partner was recognized as a Titan of Plaintiffs' Bar by Law360 in 2020 [4] Group 3: Case Background - The lawsuit alleges that defendants provided misleading information regarding Bitdeer's SEALMINER Bitcoin mining machine, specifically about the mass production of its fourth-generation SEALMINER (A4) rigs [5] - Defendants reportedly failed to disclose that the SEAL04 chip, expected to have an energy efficiency of 5 J/TH, would not be ready for use in the A4 rigs until the second quarter of 2025, leading to artificially inflated security prices [6]
Did you Lose Money in Your Bitdeer Technologies Group Investment? Contact Robbins LLP for Information About Your Rights Against BTDR.
Businesswire· 2025-12-19 18:31
Core Viewpoint - Robbins LLP has initiated a class action lawsuit on behalf of investors who acquired Bitdeer Technologies Group (NASDAQ: BTDR) securities between June 6, 2024, and November 10, 2025, alleging that the company misled investors regarding its business prospects [1][2]. Group 1: Allegations and Business Prospects - The lawsuit claims that Bitdeer created a false impression of having reliable information about the development of its fourth-generation SEALMINER A4 machine, which was expected to enhance revenue through self-mining and external sales in fiscal year 2025 [2]. - It is alleged that Bitdeer repeatedly stated that the research and development of the SEAL04 ASIC chip technology was on track, with mass production anticipated in the second quarter of 2025. However, there were significant issues with the chip design that led to delays and a dual-track approach in development [2]. Group 2: Financial Impact - 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 the R&D of its ASIC roadmap. Following this announcement, the stock price fell over 14%, from $17.65 per share to $15.02 per share [3]. Group 3: Class Action Participation - Shareholders interested in participating as lead plaintiffs in the class action must file their papers by February 2, 2026. They can also choose to remain absent class members without participating in the case [4].
Deadline Alert: Bitdeer Technologies Group (BTDR) Shareholders Who Lost Money Urged To Contact Glancy Prongay & Murray LLP About Securities Fraud Lawsuit
Globenewswire· 2025-12-17 17:47
Core Viewpoint - Bitdeer Technologies Group is facing a class action lawsuit due to significant financial losses and misleading statements regarding its product development, particularly the Seal 04 ASIC chip, which has been delayed contrary to previous positive assertions [2][4]. 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, indicating a substantial financial setback for the company [2]. - Following the announcement, Bitdeer's stock price dropped by $2.63, or 14.9%, closing at $15.02 per share on November 11, 2025, reflecting investor reaction to the disappointing results [3]. Product Development Issues - The company disclosed that the development of its next-generation Seal 04 ASIC chip has been substantially delayed, which contradicts earlier positive statements made by Bitdeer regarding the chip's readiness and efficiency [2][4]. - The Seal 04 chip was projected to have a chip-level energy efficiency of 5 J/TH and was expected to be ready for mass production in Q2 2025, but this timeline has not been met [4]. Legal Proceedings - A class action lawsuit has been filed on behalf of investors who purchased Bitdeer securities between June 6, 2024, and November 10, 2025, with a deadline of February 2, 2026, to file a lead plaintiff motion [1][5]. - The lawsuit alleges that Bitdeer made materially false and misleading statements and failed to disclose adverse facts about its business and operations during the class period [4].
Bitdeer Technologies Group (BTDR) Investors: February 2, 2026 Filing Deadline in Securities Class Action - Contact Kessler Topaz Meltzer & Check, LLP
Globenewswire· 2025-12-17 15:54
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 complaint claims that Bitdeer misrepresented issues with 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 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 investor protection [4] - The firm has a history of leading significant recoveries in securities litigation and has received multiple accolades for its work [4] - KTMC operates globally with offices in Pennsylvania and California, representing both individual and institutional investors [4]
SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Bitdeer Technologies
Prnewswire· 2025-12-17 14:45
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Bitdeer Technologies Group due to alleged violations of federal securities laws, encouraging affected investors to come forward before the February 2, 2026 deadline for lead plaintiff applications [2][4]. Group 1: Allegations and Financial Performance - The complaint alleges that Bitdeer and its executives made false or misleading statements regarding the mass production of their fourth-generation SEALMINER (A4) rigs, specifically about the expected energy efficiency of the SEAL04 ASIC chip [4]. - Bitdeer reported a third-quarter 2025 earnings per share of -$1.28, significantly missing the consensus estimate of -$0.22, and disclosed delays in the development of the next-generation Seal 04 ASIC chip [5]. - Following the earnings report, Bitdeer's stock price fell by $2.63 per share, or 14.9%, closing at $15.02 on November 11, 2025 [5]. Group 2: Incident and Stock Impact - On November 12, 2025, Bitdeer reported a fire incident at its under-construction facility in Massillon, Ohio, which caused damage to 2 of the 26 buildings [6]. - The stock price dropped another $2.83 per share, or 20.3%, closing at $11.11 on November 13, 2025, following the fire incident announcement [6]. Group 3: Legal Proceedings and Investor Participation - The lead plaintiff in the class action will be the investor with the largest financial interest who is also typical of class members, overseeing the litigation on behalf of the class [7]. - Faruqi & Faruqi encourages anyone with information regarding Bitdeer's conduct, including whistleblowers and former employees, to contact the firm [8].
BTDR INVESTOR NOTICE: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Bitdeer Technologies
TMX Newsfile· 2025-12-16 16:02
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 financial performance [2][4]. Financial Performance - Bitdeer reported a third-quarter earnings per share of -$1.28, which significantly missed the consensus estimate of -$0.22, indicating a substantial financial shortfall [5]. - Following the earnings report, Bitdeer's stock price dropped by $2.63 per share, or 14.9%, closing at $15.02 on November 11, 2025 [5]. Project Delays and Incidents - The company disclosed significant delays in the development of its next-generation Seal 04 ASIC chip, which was expected to impact future production timelines [5]. - A fire incident at Bitdeer's under-construction facility in Massillon, Ohio, occurred on November 11, 2025, damaging 2 of the 26 buildings, which further affected investor confidence [6]. - Following the fire incident, Bitdeer's stock price fell another $2.83 per share, or 20.3%, closing 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]. Investor Communication - Faruqi & Faruqi encourages investors and individuals with information regarding Bitdeer's conduct to reach out, including whistleblowers and former employees [8].
Bitdeer Technologies Group Stockholders with Large Losses Should Contact Robbins LLP for Information About the Securities Class Action Lawsuit Against BTDR
Prnewswire· 2025-12-15 22:11
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]. Group 1: Allegations and Business Prospects - The complaint claims that Bitdeer created a false impression of having reliable information about the development of 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 was asserted that the company consistently communicated that the SEAL04 research and development was on track for mass production in the second quarter of 2025, despite facing design issues that led to delays and a dual-track approach in production [2]. Group 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 the R&D of its ASIC roadmap [3]. - Following the announcement of these financial results, Bitdeer's stock price fell over 14%, dropping from $17.65 per share to $15.02 per share the next day [3]. Group 3: Class Action Participation - Shareholders interested in participating in the class action must file their papers by February 2, 2026, to serve as lead plaintiff, representing other class members in the litigation [4]. - It is noted that shareholders do not need to participate in the case to be eligible for recovery, and they can remain absent class members if they choose [4].
Deadline Approaching: Bitdeer Technologies Group (BTDR) Shareholders Who Lost Money Urged To Contact Law Offices of Howard G. Smith
Businesswire· 2025-12-15 20:45
Group 1 - The article highlights the upcoming deadline of February 2, 2026, for investors to file a lead plaintiff motion in a case concerning Bitdeer Technologies Group (NASDAQ: BTDR) [1] - The case is filed on behalf of investors who purchased Bitdeer securities during the class period from June 6, 2024, to November 10, 2025 [1] - Investors who suffered losses in Bitdeer Technologies Group are encouraged to contact the Law Offices of Howard G. Smith for participation [1]