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Bitdeer Technologies Shareholder Alert: ClaimsFiler Reminds Investors With Losses In Excess Of $100,000 Of Lead Plaintiff Deadline In Class Action Lawsuits Against Bitdeer Technologies Group - BTDR
Globenewswire· 2025-12-11 01:31
Core Viewpoint - Bitdeer Technologies Group is facing a securities class action lawsuit for failing to disclose material information during the class period, which has led to significant financial losses for investors [3][4]. Group 1: Lawsuit Details - Investors have until February 2, 2026, to file lead plaintiff applications in the class action lawsuit against Bitdeer, covering the period from June 6, 2024, to November 10, 2025 [1]. - 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, a decline of over 14% [4]. Group 3: Investor Support - ClaimsFiler provides a free service for investors to recover funds from securities class action settlements, offering resources to register for claims and access relevant information [6]. - Investors can also upload their portfolio transactional data to receive notifications about securities cases that may affect them [6].
Trump-backed crypto stock stumbles despite beating GameStop
Yahoo Finance· 2025-12-10 23:41
Core Insights - American Bitcoin Corp. has become the 22nd largest Bitcoin treasury company, surpassing GameStop in BTC holdings, but the market reaction has been negative with a stock decline of 4.39% [1][4] Company Developments - The firm purchased 416 Bitcoin for $38 million on December 10, increasing its total holdings to 4,783 BTC, which is a narrow lead of 73 BTC over GameStop's 4,710 BTC [2] - Eric Trump, co-founder and chief strategy officer, emphasized that the recent acquisition is part of a rapid expansion strategy, claiming the company is one of the largest and fastest-growing BTC accumulators since its Nasdaq debut [3] Financial Performance - The Satoshis Per Share (SPS) increased by more than 17% in just over a month, indicating successful execution of the firm's scaling plan [3] - Despite the milestone in Bitcoin holdings, ABTC's stock price fell to $1.96, reflecting market skepticism [4] Industry Context - GameStop reported a loss of $9.2 million on its Bitcoin holdings, which were valued at approximately $519.4 million as of November 1, indicating challenges in its digital asset strategy [5] - GameStop's decision to add Bitcoin to its balance sheet in March marked a significant strategic shift for the company [6] Market Volatility - American Bitcoin's shares experienced significant volatility, with a drop of over 50% in early December amid a broader sell-off in Bitcoin, attributed initially to insider selling, although most shareholders are under a lockup period until March 2026 [7]
Canaan Inc. Provides November 2025 Bitcoin Production and Mining Operation Updates
Prnewswire· 2025-12-10 14:05
Core Insights - Canaan Inc. reported a solid performance in November 2025, with an increase in both deployed and operating hashrate despite market challenges [1][2] - The company's cryptocurrency treasury reached a record of 1,730 BTC and 3,951 ETH by the end of November 2025 [1][3] - Canaan plans to bring approximately 1 EH/s of mining capacity online by the end of 2025, with further expansion expected in early 2026 [2][3] Operational Performance - Canaan mined 89 BTC in November 2025, maintaining a stable production level [2][3] - The month-end deployed hashrate was reported at 9.41 EH/s, while the operational hashrate stood at 8.12 EH/s [3][4] - The average revenue split for the month was 58.2%, and the average all-in power cost was US$0.043 per kWh [3][4] Strategic Developments - The company strategically acquired 100 BTC during price dips, enhancing its cryptocurrency treasury [2][3] - Canaan's North American fleet efficiency improved, with installed power capacity increasing to 91.2 MW [2][4] - A landmark strategic investment of US$72 million was announced from top-tier institutional investors, indicating strong confidence in Canaan's growth outlook [9] Product Innovations - Canaan unveiled its next-generation Avalon A16 series Bitcoin mining machines, featuring competitive specifications [10][11] - The A16XP model offers 300 TH/s of computing power with an energy efficiency of 12.8 J/TH [10][11] Financial Management - The company initiated a share repurchase program of up to US$30 million, with approximately 6.59 million ADSs repurchased for about US$4.9 million as of December 10, 2025 [12]
BlockQuarry Announces Launch of New Corporate Website, BLQCBuster.com
Globenewswire· 2025-12-10 13:00
Core Viewpoint - BlockQuarry Corp. has launched a new corporate website, BLQCBuster.com, aimed at improving communication and access to company information for customers, partners, and shareholders [1][2]. Group 1: Website Launch and Features - The new website represents a significant step in BlockQuarry's strategy to enhance communication and streamline access to updates [2]. - The site includes detailed 3D animations of the BLQCBuster miner, providing an immersive experience for customers and investors [2]. - Customers can submit requests for sales quotes through the new platform, facilitating easier transactions [2]. Group 2: Management Insights - CEO Gregg Boehmer expressed excitement about the new website, describing it as a modern, user-friendly hub for BlockQuarry's activities [3]. - The launch is part of a broader initiative to update communication and operations, with plans to keep customers and shareholders informed about order processes [4]. Group 3: Company Overview - BlockQuarry Corp. specializes in American-manufactured cryptocurrency mining solutions, focusing on advanced, scalable technology that meets market demands for supply chain security and operational support [5]. - The company aims to provide secure, sustainable, and economically viable infrastructure solutions for cryptocurrency mining, AI, and high-performance computing applications [5].
Bitdeer Technologies Group Securities Fraud Class Action Result of Undisclosed Financial Problems and 14% Stock Decline - Investors may Contact Lewis Kahn, Esq, @ KSF
Globenewswire· 2025-12-10 03:50
Core Points - A securities class action lawsuit has been filed against Bitdeer Technologies Group for failing to disclose material information during the class period from June 6, 2024, to November 10, 2025 [1][3] - The lawsuit is pending in the United States District Court for the Southern District of New York, and investors have until February 2, 2026, to file lead plaintiff applications [1][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, Bitdeer's share price dropped from $17.65 to $15.02, marking a decline of over 14% [4] Legal Context - The case is titled Ismail N. Sakar v. Bitdeer Technologies Group, et al., No. 25-cv-10069 [5] - Kahn Swick & Foti, LLC, a prominent securities litigation law firm, is representing the investors in this case [5]
BitFuFu to Update Investors at the Emerging Growth Conference on December 11, 2025
Globenewswire· 2025-12-09 16:00
Core Points - BitFuFu Inc. will provide an update to investors at the Emerging Growth Conference on December 11, 2025 [1] - The presentation will be led by Charley Brady, Vice President of Investor Relations, and will include a Q&A session [2] - BitFuFu is recognized as a leading Bitcoin miner and innovator in mining services [5] Company Overview - BitFuFu Inc. is committed to empowering the global Bitcoin network through its cloud mining platform and innovative mining services [5] - The company is rapidly scaling its infrastructure to enhance its market position [5] Conference Details - The Emerging Growth Conference allows public companies to present their products and services to the investment community [6] - The conference targets a wide audience, including individual and institutional investors, investment advisors, and analysts [7] - BitFuFu's presentation is scheduled for 3:55 PM Eastern time and will last for 10 minutes [2]
BTDR Investors Have Opportunity to Lead Bitdeer Technologies Group Securities Fraud Lawsuit with the Schall Law Firm
Businesswire· 2025-12-08 20:11
Core Viewpoint - A class action lawsuit has been filed against Bitdeer Technologies Group for alleged violations of securities laws, specifically related to misleading statements about its SEALMINER A4 project [1][5]. Group 1: Lawsuit Details - The lawsuit is based on violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 [1]. - Investors who purchased Bitdeer securities between June 6, 2024, and November 10, 2025, are encouraged to participate in the lawsuit before February 2, 2026 [2]. - The class has not yet been certified, meaning potential participants are not currently represented by an attorney [4]. Group 2: Allegations Against Bitdeer - The complaint alleges that Bitdeer made false and misleading statements regarding the status of its SEALMINER A4 project [5]. - The company reportedly concealed that its A4 rigs would not be able to utilize the SEAL04 chip for energy efficiency due to the chip not being ready for production [5]. - As a result of these misleading statements, investors suffered damages when the true situation was revealed [5].
The dramatic rise and spectacular fall of my ChatGPT investment portfolio
Yahoo Finance· 2025-12-08 10:30
Core Insights - The article discusses an experiment where a portfolio of five high-growth stocks was selected by ChatGPT, with the aim of achieving significant returns in a short time frame [1][4]. Group 1: Portfolio Composition - The selected stocks include Palantir, AppLovin, MicroStrategy, Agios Pharmaceuticals, and Hut 8, with a focus on AI-driven businesses and leveraged Bitcoin plays [4][5]. - Palantir and AppLovin are highlighted for their strong market positions and growth potential due to their AI capabilities [4]. - Agios Pharmaceuticals is awaiting FDA trial results for a new drug, which could significantly increase its value if successful [5]. - MicroStrategy and Hut 8 are noted for their substantial Bitcoin holdings, making their valuations highly sensitive to Bitcoin price fluctuations [5]. Group 2: Performance Overview - Initially, the portfolio experienced a 12% increase within the first three weeks, indicating a promising start [6]. - In October, the portfolio saw significant gains, with daily increases reflected in the Robinhood app [7].
BTDR INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Bitdeer Technologies Group Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
Prnewswire· 2025-12-07 17:00
Core Viewpoint - A class action lawsuit has been filed against Bitdeer Technologies Group and certain officers for alleged violations of federal securities laws during the defined class period from June 6, 2024, to November 10, 2025 [1][2]. Group 1: Allegations - The lawsuit claims that Bitdeer made materially false and misleading statements while concealing adverse facts about the SEALMINER A4 project [3]. - It is alleged that the SEAL04 chip, which was expected to achieve a chip-level energy efficiency of 5 J/TH, would not be ready for use in the A4 rigs as previously represented [3]. - The complaint also states that mass production of the SEAL04 chip was not anticipated to begin in the second quarter of 2025 as earlier indicated [3]. Group 2: Legal Process - Investors who purchased Bitdeer securities during the class period are encouraged to join the lawsuit, with a deadline to request lead plaintiff status by February 2, 2026 [2][4]. - The law firm representing the investors operates on a contingency fee basis, meaning they will only collect fees if the case is successful [5]. Group 3: Law Firm Background - Bronstein, Gewirtz & Grossman, LLC is a nationally recognized law firm specializing in securities fraud class actions and has recovered hundreds of millions of dollars for investors [6].
BTDR DEADLINE: Faruqi & Faruqi Reminds Bitdeer Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of February 2, 2026 - BTDR
Newsfile· 2025-12-07 13:21
Core Viewpoint - Faruqi & Faruqi LLP is investigating potential claims against Bitdeer Technologies Group, reminding investors of the February 2, 2026 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit against the company [2][4]. Group 1: Legal Action and Investor Information - The class action lawsuit alleges that Bitdeer and its executives violated federal securities laws by making false or misleading statements regarding the efficiency and readiness of their SEALMINER A4 rigs and SEAL04 ASIC chip technology [4]. - Investors who purchased Bitdeer securities between June 6, 2024, and November 10, 2025, are encouraged to contact Faruqi & Faruqi to discuss their legal rights [1][2]. - The lead plaintiff in the class action will be the investor with the largest financial interest who is typical of class members, and any member can move to serve as lead plaintiff [7]. Group 2: Financial Performance and Stock Impact - On November 10, 2025, Bitdeer reported a third-quarter earnings per share of -$1.28, missing the consensus estimate of -$0.22, and disclosed significant delays in the development of its next-generation Seal 04 ASIC chip [5]. - Following this announcement, Bitdeer's stock price fell by $2.63, or 14.9%, closing at $15.02 per share on November 11, 2025 [5]. - A subsequent fire incident at Bitdeer's under-construction facility in Ohio on November 11, 2025, led to an additional stock price drop of $2.83, or 20.3%, closing at $11.11 per share on November 13, 2025 [6].