BITDEER(US:BTDR) Globenewswire·2025-12-05 22:49Core 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].