Core Viewpoint - Rosen Law Firm has announced a class action lawsuit against Bitdeer Technologies Group, alleging that the company misled investors regarding its business operations and the state of its SEALMINER A4 project [1][2]. Group 1: Allegations and Misleading Information - The lawsuit claims that Bitdeer provided investors with optimistic information about its SEALMINER Bitcoin mining machine, including confidence in mass production of its fourth-generation SEALMINER (A4) rigs using SEAL04 ASIC chip technology, which was expected to achieve energy efficiency as low as 5 J/TH [3]. - Defendants allegedly failed to disclose that the SEAL04 chip, projected to have the claimed energy efficiency, would not be ready for use in the A4 rigs until mass production was expected to begin in the second quarter of 2025, leading to artificially inflated security prices [4]. Group 2: Legal Proceedings and Participation - Shareholders may be eligible to participate in the class action against Bitdeer Technologies Group, with a deadline for filing motions to serve as lead plaintiff set for February 2, 2026 [5]. - A lead plaintiff represents other class members in directing the litigation, and shareholders can remain absent class members if they choose not to participate [5]. Group 3: About Rosen Law Firm - Rosen Law Firm is recognized for its commitment to shareholder rights litigation, having recovered over $1 billion for shareholders since its inception [7].
Rosen Law Firm Urges Bitdeer Technologies Group (NASDAQ: BTDR) Stockholders with Large Losses to Contact the Firm for Information About Their Rights