BITDEER(US:BTDR) Businesswire·2026-02-02 17:56Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Bitdeer Technologies Group due to allegations of violations of federal securities laws related to misleading statements about the company's SEALMINER A4 project and its chip development timeline [1][3]. Group 1: Allegations and Financial Impact - The complaint alleges that Bitdeer and its executives made false or misleading statements regarding the SEAL04 chip's energy efficiency and its readiness for mass production, which is now expected to begin in the second quarter of 2025 [3]. - On November 10, 2025, Bitdeer reported unaudited financial results for Q3 2025, showing an earnings per share of -$1.28, which significantly missed the consensus estimate of -$0.22, and disclosed delays in the development of the next-generation Seal 04 ASIC chip [4]. - Following the financial report, Bitdeer's stock price fell by $2.63 per share, or 14.9%, closing at $15.02 on November 11, 2025 [4]. Group 2: Incident and Further Stock Decline - On November 12, 2025, Bitdeer reported a fire incident at its under-construction facility in Massillon, Ohio, which caused damage to 2 of the 26 buildings [5]. - This incident led to a further decline in Bitdeer's stock price by $2.83 per share, or 20.3%, closing at $11.11 on November 13, 2025 [5]. Group 3: Legal Proceedings - The deadline for investors to seek the role of lead plaintiff in the federal securities class action against Bitdeer is February 2, 2026 [1]. - The lead plaintiff is defined as the investor with the largest financial interest in the relief sought, who will oversee the litigation on behalf of the class [6].