BITDEER(US:BTDR) Globenewswire·2026-01-22 18:27Core Viewpoint - Bitdeer Technologies Group is facing a class action lawsuit due to significant financial losses and misleading statements regarding its product development, particularly the Seal 04 ASIC chip [2][4]. Financial Performance - On November 10, 2025, Bitdeer reported a per-share loss of $1.28 for Q3 2025, which was significantly worse than the expected loss of $0.22 [2]. - Following the announcement, Bitdeer's stock price dropped by $2.63, or 14.9%, closing at $15.02 per share on November 11, 2025, impacting investors negatively [3]. Lawsuit Details - The class action lawsuit alleges that Bitdeer made materially false and misleading statements and failed to disclose adverse facts about its business and operations during the class period from June 6, 2024, to November 10, 2025 [4]. - Specifically, the lawsuit claims that Bitdeer misrepresented the readiness and efficiency of the SEAL04 chip, which was projected to have a chip-level energy efficiency of 5 J/TH and was expected to begin mass production in Q2 2025 [4]. Investor Actions - Investors who purchased Bitdeer securities during the class period can file a lead plaintiff motion by February 2, 2026, to participate in the class action lawsuit [5].