BITDEER(US:BTDR) Prnewswire·2026-01-17 03:18Core Viewpoint - A securities class action lawsuit has been filed against Bitdeer Technologies Group for failing to disclose material information, leading to significant investor losses during the specified Class Period from June 6, 2024, to November 10, 2025 [1][3]. Group 1: Lawsuit Details - Investors who suffered substantial losses have until February 2, 2026, to file lead plaintiff applications in the lawsuit against Bitdeer [1][2]. - 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: Company Background - Bitdeer Technologies Group is involved in the cryptocurrency sector, specifically focusing on Bitcoin mining technology [4]. - Kahn Swick & Foti, LLC, the law firm representing the investors, is recognized as one of the top boutique securities litigation firms in the United States, serving both institutional and retail investors [5].