BITDEER(US:BTDR) Globenewswire·2025-12-20 12:43Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Bitdeer Technologies Group due to alleged violations of federal securities laws, particularly concerning misleading statements about the company's SEALMINER A4 project and its delayed chip development [4][6]. Group 1: Legal Investigation and Class Action - Faruqi & Faruqi is encouraging investors who suffered losses in Bitdeer to contact them to discuss legal options [1]. - 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 [4]. - The complaint alleges that Bitdeer and its executives made false statements regarding the readiness and efficiency of the SEAL04 chip [6]. Group 2: Financial Performance and Stock Impact - Bitdeer reported a third-quarter earnings per share of -$1.28, missing the consensus estimate of -$0.22, which led to a stock price drop of $2.63 per share (14.9%) to close at $15.02 on November 11, 2025 [7]. - Following a fire incident at its construction facility, Bitdeer's stock fell another $2.83 per share (20.3%) to close at $11.11 on November 13, 2025 [8]. Group 3: Company Background and Recovery Efforts - Faruqi & Faruqi has recovered hundreds of millions of dollars for investors since its founding in 1995, indicating a strong track record in securities law [5]. - The firm is also seeking information from whistleblowers, former employees, and shareholders regarding Bitdeer's conduct [10].