BITDEER(US:BTDR) Prnewswire·2025-12-06 04:17Core 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]