Core Viewpoint - Robbins LLP has initiated a class action lawsuit on behalf of investors who acquired Bitdeer Technologies Group (NASDAQ: BTDR) securities between June 6, 2024, and November 10, 2025, alleging that the company misled investors regarding its business prospects [1][2]. Group 1: Allegations and Business Prospects - The lawsuit claims that Bitdeer created a false impression of having reliable information about the development of its fourth-generation SEALMINER A4 machine, which was expected to enhance revenue through self-mining and external sales in fiscal year 2025 [2]. - It is alleged that Bitdeer repeatedly stated that the research and development of the SEAL04 ASIC chip technology was on track, with mass production anticipated in the second quarter of 2025. However, there were significant issues with the chip design that led to delays and a dual-track approach in development [2]. Group 2: Financial Impact - 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 the R&D of its ASIC roadmap. Following this announcement, the stock price fell over 14%, from $17.65 per share to $15.02 per share [3]. Group 3: Class Action Participation - Shareholders interested in participating as lead plaintiffs in the class action must file their papers by February 2, 2026. They can also choose to remain absent class members without participating in the case [4].
Did you Lose Money in Your Bitdeer Technologies Group Investment? Contact Robbins LLP for Information About Your Rights Against BTDR.