BITDEER(US:BTDR) Prnewswire·2025-12-20 03:46Core Viewpoint - Bitdeer Technologies Group is facing a securities class action lawsuit due to alleged failure to disclose material information during the class period, leading to significant financial losses for investors [3][4]. Group 1: Lawsuit Details - Investors who suffered substantial losses from purchasing Bitdeer securities between June 6, 2024, and November 10, 2025, have until February 2, 2026, to file lead plaintiff applications [1]. - The lawsuit is pending in the United States District Court for the Southern District of New York, under the case name Ismail N. Sakar v. Bitdeer Technologies Group, et al., No. 25-cv-10069 [5]. Group 2: Financial Performance - On November 10, 2025, Bitdeer reported a net loss of $266.7 million, or $1.28 per share, attributed to increased operating expenses related to research and development of its ASICs roadmap [4]. - Following the announcement of these financial results, Bitdeer's share price dropped from $17.65 to $15.02, marking a decline of over 14% [4]. Group 3: Legal Representation - Kahn Swick & Foti, LLC, a prominent securities litigation law firm, is representing the investors in this case [5]. - The firm has been recognized among the top 10 firms nationally based on total settlement value, serving both institutional and retail investors [5].