Core Viewpoint - Rosen Law Firm is reminding investors who purchased Bitdeer Technologies Group securities between June 6, 2024, and November 10, 2025, of the February 2, 2026, deadline to become a lead plaintiff in a class action lawsuit [1]. Group 1: Class Action Details - Investors who purchased Bitdeer securities during the specified Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties can join by contacting Rosen Law Firm [3][6]. - The deadline to move the Court to serve as lead plaintiff is February 2, 2026, with the lead plaintiff acting on behalf of other class members [3]. Group 2: Law Firm Credentials - Rosen Law Firm emphasizes the importance of selecting qualified counsel with a successful track record in securities class actions, highlighting their experience and recognition in the field [4]. - The firm has achieved significant settlements, including the largest securities class action settlement against a Chinese company, and has recovered hundreds of millions of dollars for investors [4]. Group 3: Case Background - The lawsuit alleges that Bitdeer provided misleading information regarding its SEALMINER Bitcoin mining machine, specifically concerning the production timeline and energy efficiency of its SEAL04 chip technology [5]. - Defendants are accused of failing to disclose critical information about the readiness of the SEAL04 chip, which misled investors and resulted in the purchase of securities at inflated prices [5].

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Bitdeer Technologies Group securities between June 6, 2024, and November 10, 2025, of the upcoming lead plaintiff deadline on February 2, 2026 [1] Group 1: Class Action Details - Investors who purchased Bitdeer securities during the specified Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2] - A class action lawsuit has already been filed, and interested parties can join by contacting Rosen Law Firm [3] - Investors wishing to serve as lead plaintiff must file with the Court by February 2, 2026 [3] Group 2: Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company [4] - The firm was ranked No. 1 by ISS Securities Class Action Services for the number of settlements in 2017 and has consistently ranked in the top 4 since 2013, recovering hundreds of millions for investors [4] - In 2019, the firm secured over $438 million for investors, and its founding partner was recognized as a Titan of Plaintiffs' Bar by Law360 in 2020 [4] Group 3: Case Specifics - The lawsuit alleges that Bitdeer provided misleading information regarding its SEALMINER Bitcoin mining machine, specifically about the mass production and energy efficiency of its SEAL04 chip technology [5] - Defendants are accused of failing to disclose that the SEAL04 chip, projected to have an energy efficiency of 5 J/TH, would not be ready for use in the A4 rigs until mass production was expected to begin in Q2 2025 [5] - These misleading statements led to investors purchasing Bitdeer securities at artificially inflated prices, resulting in damages when the true information became public [5]

Core Insights - The investment landscape is shifting towards companies that support AI infrastructure, with significant investments in data centers by major cloud service providers [1][2] - Data storage companies have shown remarkable performance, with Sandisk Corp. leading the S&P 500 index in 2025, followed by Western Digital and Seagate Technology [1] - There is a growing interest in lesser-known companies that provide essential services and products for AI and data center operations, moving beyond traditional tech giants [2] Data Storage - Data storage companies like Sandisk, Western Digital, and Seagate are expected to maintain their momentum into 2026, although their peak may be nearing [3] - Analysts project an average target price of $264 for Sandisk in 2026, an increase of approximately 8% from its current price of around $244 [3] - Pure Storage Inc. is anticipated to have a larger upside potential, with a projected price increase of 38% to $94 by 2026 [3] Construction and Power - Companies involved in data center construction and power supply are expected to continue their upward trajectory, with Quanta Services Inc. being a preferred choice among analysts [4] - Other notable contractors include MYR Group Inc., Primoris Services Corp., and MasTec Inc., which are also well-positioned for growth [4] - Companies like Amphenol, which designs and manufactures high-speed fiber and copper interconnect solutions, are favored in the wiring business [4] Bitcoin Miners - Bitcoin miners are seen as a potential "revaluation story," transitioning from cryptocurrency mining to powering data centers [5] - Companies such as Bitdeer Technologies Group and IREN Ltd. are gaining attention as they pivot towards high-performance computing data centers [5] Heating and Cooling - The demand for precision heating, ventilation, and air conditioning systems for data centers is creating opportunities for companies like Vertiv Holdings Co., which saw a 46% increase in 2025 [6] - Other companies in this sector include Comfort Systems USA Inc. and Xylem Inc., which provide HVAC systems and water solutions [6] Software - Software is being recognized as a future beneficiary of AI advancements, with investors looking for undervalued companies with significant growth potential [7] - Despite a lackluster performance in 2025, software stocks are becoming more attractive, with companies like Snowflake Inc., Datadog Inc., and ServiceNow Inc. being closely monitored [7]

Group 1: Company Performance and Ratings - Bitdeer Technologies (NASDAQ:BTDR) is highly regarded by hedge funds as one of the best bitcoin mining stocks to buy, with a consensus of 11 analysts all assigning Buy ratings despite a 47% drop in share price during 2025 [1] - The consensus 1-year average price target for Bitdeer Technologies stands at $32.55, indicating an upside potential of 183.3% [1] - Analyst Brett Knoblauch from Cantor Fitzgerald reaffirmed a bullish view on Bitdeer Technologies, assigning a price target of $34, which implies a potential upside of 196% [2] Group 2: Production and Growth Metrics - In November 2025, Bitdeer Technologies reported a significant increase in self-mining hashrate to 45.7 EH/s and produced 526 bitcoins, reflecting a year-on-year growth of 251% [3] - The growth in bitcoin production was primarily driven by the efficient use of SEALMINER mining rigs [3] Group 3: Business Expansion and Revenue Growth - The management of Bitdeer Technologies is expanding its AI cloud capabilities through new data center infrastructure, including development plans in Malaysia [4] - The company reported a $10 million increase in annual recurring revenues due to its expansion into new areas [4] Group 4: Business Model Overview - Bitdeer Technologies offers comprehensive bitcoin mining capabilities, including self-mining and services for external customers, effectively utilizing SEALMINER rigs to enhance its hashrate [5] - The company also designs chips and operates data centers, further diversifying its business model [5]

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Bitdeer Technologies Group securities between June 6, 2024, and November 10, 2025, of the upcoming lead plaintiff deadline on February 2, 2026 [1] Group 1: Class Action Details - Investors who purchased Bitdeer securities during the specified Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2] - A class action lawsuit has already been filed, and interested parties can join by contacting Rosen Law Firm [3][7] - To serve as lead plaintiff, individuals must file a motion with the Court by February 2, 2026 [3] Group 2: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company [4] - The firm was ranked No. 1 by ISS Securities Class Action Services for the number of settlements in 2017 and has consistently ranked in the top 4 since 2013, recovering hundreds of millions for investors [4] - In 2019, the firm secured over $438 million for investors, and its founding partner was recognized as a Titan of Plaintiffs' Bar by Law360 in 2020 [4] Group 3: Case Specifics - The lawsuit alleges that defendants provided misleading information regarding Bitdeer's SEALMINER Bitcoin mining machine, specifically about the mass production of its fourth-generation SEALMINER (A4) rigs [5] - Defendants failed to disclose that the SEAL04 chip, expected to have an energy efficiency of 5 J/TH, would not be ready for use in the A4 rigs until mass production began in Q2 2025, leading to artificially inflated security prices [6]

Core Insights - Bitdeer Technologies Group is establishing a bitcoin mining ASIC manufacturing facility near Reno, Nevada, to enhance its production capabilities and address operational challenges [1][2] Group 1: Facility and Expansion - Bitdeer has leased 187,632 square feet of industrial space in Sparks, Nevada, for the production of its SEALMINER bitcoin mining computer line [2] - The facility will serve as Bitdeer's primary U.S. assembly hub for mining rigs, with customized improvements to support manufacturing [3][4] - The location was chosen for its logistics capabilities, workforce availability, and business-friendly environment, which includes proximity to Silicon Valley and access to a skilled labor pool [4] Group 2: Operational Challenges - The company is facing delays in the design of its SEAL04 ASIC chip for the SEALMINER A4, which did not meet performance expectations, prompting plans for an improved version [5] - Bitdeer is under legal scrutiny due to a class action lawsuit alleging misleading information regarding the production schedule of the SEAL04 ASIC chip, with claims that the company assured investors of timely mass production by 2025 [6] Group 3: Market Reaction - Following the announcement of the new manufacturing facility, Bitdeer's shares rose by 3.68% at market open [7]

Investment Rating - Maintain "Overweight" rating for the industry [5] Core Insights - The "Genius Act" poses significant challenges and opportunities for the banking sector, potentially leading to deposit outflows and liquidity issues, termed "financial disintermediation" [8][10] - JPMorgan's launch of the deposit token, JPMD, aims to balance traditional banking interests with the innovative aspects of cryptocurrency, providing a solution for liquidity management while retaining key features of traditional deposits [3][17] Summary by Sections 1. Core Insights - The "Genius Act" requires that token issuers maintain sufficient assets, which could lead to substantial deposit outflows from banks, estimated at $1.9 trillion if the token market reaches $2 trillion [10][11] - JPMorgan's strategy involves leveraging its position to introduce deposit tokens that mitigate the risks posed by the "Genius Act" while enhancing its service offerings [8][10] 2. JPMorgan's Token Strategy - JPMorgan has been actively developing blockchain payment technologies and has previously launched JPM Coin, which has processed over $1.5 trillion in institutional payments since its introduction in 2019 [10][14] - The new deposit token, JPMD, is designed to represent real bank deposits, offering interest potential and deposit insurance, while integrating with traditional banking systems [3][17] 3. Typical Applications of Deposit Tokens - Payment applications: Deposit tokens facilitate peer-to-peer transactions, reducing reliance on traditional intermediaries [20] - Programmable currency: The programmable nature of deposit tokens allows for innovative solutions in existing deposit services, such as automated loan disbursements [21] - Protocol interaction: Deposit tokens are well-suited for interaction with smart contract protocols, enhancing automation and interoperability in multi-party transactions [23] 4. Investment Recommendations - The report suggests focusing on the rapid development of the RWA (Real World Assets) and asset tokenization markets, particularly in the context of regulatory advancements in the US and Hong Kong [24]

一场由人工智能（AI）驱动的基础设施"淘金热"正在重塑全球数据中心市场，其主角不再仅仅是科技巨 头，而是数以千计背景各异的新进入者，这股浪潮正吸引着数万亿美元的投资，并可能对全球经济产生 深远影响。 据彭博新闻社汇编的数据，这股建设热潮的规模空前。仅在2025年，美国的数据中心信贷交易额就已达 到至少1785亿美元。科技巨头甲骨文、Meta和Alphabet等公司已帮助将今年的全球债券发行总额推高至 超过6.57万亿美元。摩根大通预计，为给这场全球性的建设提供资金，发行人几乎将动用所有主要的债 务市场。 然而，这股热潮的核心变化在于市场参与者的构成。数据显示，未来规划的数据中心容量中，大部分将 由大型科技公司以外的"新玩家"和其它行业参与者建设。这一结构性转变在分散风险的同时，也带来了 新的隐忧：如果AI的商业前景被证伪，其崩溃可能通过这些新玩家波及全球经济的各个角落，触及股 权和债务市场的每一个环节。 大型科技公司自身也在调整策略，它们正越来越多地选择租赁而非自建数据中心，从而将巨额的债务负 担和建设风险转移给开发商。微软首席执行官Satya Nadella在预测计算能力将出现"过度建设"时，直言 这正是他 ...

Group 1: Blockchain Stocks Overview - Five notable blockchain stocks to watch include Core Scientific, Globant, Argo Blockchain plc 8.75% Senior Notes due 2026, Figure Technology Solutions, and Bitdeer Technologies Group, identified by MarketBeat's stock screener tool [2] - "Blockchain stocks" refer to publicly traded companies involved in blockchain and distributed ledger technologies or holding significant cryptocurrency-related assets, covering a wide spectrum from developers to legacy firms [2] Group 2: Core Scientific (CORZ) - Core Scientific, Inc. provides digital asset mining services in North America, operating through Mining and Hosting segments [3] - The company offers blockchain infrastructure, software solutions, and services, and operates data center mining facilities while also mining digital assets for its own account [3] Group 3: Globant (GLOB) - Globant S.A. provides technology services globally, including digital solutions in blockchain, cloud technologies, cybersecurity, data and AI, and enterprise technology solutions [4] Group 4: Argo Blockchain plc (ARBKL) - Argo Blockchain offers a platform for users to mine bitcoin, ethereum, and other altcoins from home with a transparent monthly fee [5] Group 5: Figure Technology Solutions (FIGR) - Figure is focused on building the future of capital markets using blockchain technology, enhancing lending, trading, and investing activities [6] Group 6: Bitdeer Technologies Group (BTDR) - Bitdeer Technologies Group operates in blockchain and computing, offering hash rate sharing solutions and one-stop mining machine hosting services [7]

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Bitdeer Technologies Group securities between June 6, 2024, and November 10, 2025, of the upcoming lead plaintiff deadline on February 2, 2026 [1] Group 1: Class Action Details - Investors who purchased Bitdeer securities during the specified Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2] - A class action lawsuit has already been filed, and interested parties can join by contacting Rosen Law Firm [3][7] - To serve as lead plaintiff, individuals must file a motion with the Court by February 2, 2026 [3] Group 2: Law Firm Credentials - Rosen Law Firm specializes in securities class actions and has a strong track record, including the largest securities class action settlement against a Chinese company [4] - The firm has been ranked No. 1 for securities class action settlements in 2017 and has consistently ranked in the top 4 since 2013, recovering hundreds of millions for investors [4] - In 2019, the firm secured over $438 million for investors, and its founding partner was recognized as a Titan of Plaintiffs' Bar by Law360 in 2020 [4] Group 3: Case Background - The lawsuit alleges that defendants provided misleading information regarding Bitdeer's SEALMINER Bitcoin mining machine, specifically about the mass production of its fourth-generation SEALMINER (A4) rigs [5] - Defendants reportedly failed to disclose that the SEAL04 chip, expected to have an energy efficiency of 5 J/TH, would not be ready for use in the A4 rigs until the second quarter of 2025, leading to artificially inflated security prices [6]