BITDEER(US:BTDR) TMX Newsfile·2025-12-16 16:02Core 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].