Portnoy Law Firm Announces Class Action on Behalf of BitDeer Technologies Group Investors

Core Viewpoint - BitDeer Technologies Group is facing a class action lawsuit due to significant financial losses and operational delays, particularly related to its next-generation ASIC chip development [1][3]. Group 1: Legal Action - The Portnoy Law Firm is advising BitDeer investors to join a class action lawsuit for those who purchased securities between June 6, 2024, and November 10, 2025 [1]. - Investors have until February 2, 2026, to file a lead plaintiff motion [1]. Group 2: Financial Performance - BitDeer reported an earnings per share of -$1.28 for Q3 2025, which was a significant miss compared to 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 per share on November 11, 2025 [3]. Group 3: Operational Issues - The company disclosed that the development of its next-generation Seal 04 ASIC chip is significantly delayed, contributing to investor concerns [3].