BITDEER(US:BTDR) Prnewswire·2026-01-27 21:57Core Viewpoint - A class action has been filed against Bitdeer Technologies Group, alleging that the company misled investors about its business prospects and the development of its SEALMINER A4 machine [1][2]. Group 1: Allegations and Misleading Information - The complaint claims that Bitdeer created a false impression regarding its reliable information on the development of the SEALMINER A4 machine, which was expected to enhance revenue through self-mining and external sales in fiscal year 2025 [2]. - Defendants allegedly misrepresented the progress of the SEAL04 chip design, which faced issues leading to delays in production and a "dual-track approach" to ensure mass production [2]. Group 2: Financial Performance and Market Reaction - 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 R&D of its ASICs roadmap [3]. - Following the financial results announcement, Bitdeer's stock price dropped over 14%, from $17.65 per share to $15.02 per share [3]. Group 3: Class Action Participation - Shareholders interested in participating in the class action must file their papers by February 2, 2026, to serve as lead plaintiff, representing other class members [4]. - Shareholders can remain absent class members without participating in the case and still be eligible for recovery [4]. Group 4: Company Background - Robbins LLP is recognized for its leadership in shareholder rights litigation, focusing on helping shareholders recover losses and improve corporate governance since 2002 [5].