Workflow
SEAL04 chip
icon
Search documents
FINAL INVESTOR DEADLINE ALERT CLASS ACTION DEADLINE TONIGHT: Faruqi & Faruqi, LLP Reminds Bitdeer Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of February 2, 2026
Businesswire· 2026-02-02 17:56
Core 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].
SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Reminds BitDeer Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of February 2, 2026
Globenewswire· 2026-01-24 13:38
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Bitdeer To Contact Him Directly To Discuss Their Options If you purchased or acquired securities in Bitdeer between June 6, 2024 and November 10, 2025 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). [You may also click here for additional information] NEW YORK, Jan. 24, 2026 (GLOBE NEWSWIRE) -- Faruqi & ...
INVESTOR NOTICE: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Bitdeer Technologies
Globenewswire· 2026-01-14 15:12
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Bitdeer Technologies Group due to alleged violations of federal securities laws, particularly concerning misleading statements about the company's SEALMINER A4 project and its delayed product development [4][6]. Group 1: Legal Investigation and Class Action - The firm is reminding investors of the February 2, 2026 deadline to seek the role of lead plaintiff in a federal securities class action against Bitdeer [4]. - Investors who suffered losses in Bitdeer between June 6, 2024, and November 10, 2025, are encouraged to contact the firm to discuss their legal rights [1][4]. Group 2: Financial Performance and Stock Impact - Bitdeer reported a third-quarter earnings per share of -$1.28, missing the consensus estimate of -$0.22, which led to a stock price drop of $2.63 per share, or 14.9%, closing at $15.02 on November 11, 2025 [7]. - Following a fire incident at its construction facility, Bitdeer's stock fell another $2.83 per share, or 20.3%, closing at $11.11 on November 13, 2025 [8]. Group 3: Allegations of Misleading Statements - The complaint alleges that Bitdeer and its executives failed to disclose critical information regarding the SEAL04 chip's readiness and its expected mass production timeline [6].
Bitdeer hits 58 EH/s in December as it vies with MARA for top spot
Yahoo Finance· 2026-01-13 15:53
Core Insights - Bitdeer reported a proprietary hashrate of 58 EH/s in December, positioning itself as a strong competitor against industry leaders like MARA, CleanSpark, and IREN [1] - The company mined 636 bitcoin in December 2025, marking a 339% increase year-over-year [1] - Bitdeer's production increase is attributed to the deployment of its SEALMINER rigs, enhancing its self-mining capacity to 55.2 EH/s [1] Mining Performance - Bitdeer's bitcoin production of 636 in December significantly narrows the gap with CleanSpark's 622 bitcoin and MARA's implied hashrate of 60.4 EH/s [2] - IREN achieved a hashrate of 50 EH/s last year but paused operations to focus on AI initiatives [2] Technology Development - The company is advancing its next-generation SEAL04 chips, which have shown power efficiency of 6-7 J/TH, with mass production expected in Q1 2026 [3] - Bitdeer sold approximately 1.4 EH/s of SEALMINER A2 units to external parties in December [3] Diversification Efforts - Beyond bitcoin mining, Bitdeer is testing high-performance computing equipment in Southeast Asia, deploying NVIDIA GB200 systems in Malaysia [4] - The company plans to publicly launch its cloud service in January 2026 and is exploring data center leasing opportunities in the U.S. [4] Financial and Operational Capacity - As of December 31, Bitdeer held 2,017 bitcoin and manages a total global electrical capacity of 1,658 megawatts across various locations [5] - Ongoing construction includes a 570-megawatt site in Clarington, Ohio, expected to be operational by Q3 2026, and design work for AI data center conversion in Norway [5]
Gainey McKenna & Egleston Announces a Class Action Lawsuit Has Been Filed Against Bitdeer Technologies Group (BTDR)
Globenewswire· 2026-01-07 18:24
Core Viewpoint - A securities class action lawsuit has been filed against Bitdeer Technologies Group for failing to disclose critical information regarding its SEAL04 chip and its financial performance, leading to significant stock price decline [1][2]. Group 1: Lawsuit Details - The lawsuit is filed in the United States District Court for the Southern District of New York on behalf of individuals or entities that acquired Bitdeer securities between June 6, 2024, and November 10, 2025 [1]. - The complaint alleges that Bitdeer did not disclose that the SEAL04 chip, expected to have an energy efficiency of 5 J/TH, would be ready for use in A4 rigs with mass production anticipated to start in Q2 2025 [2]. Group 2: Financial Performance - On November 10, 2025, Bitdeer reported a net loss of $266.7 million, equating to $1.28 per share, primarily due to increased operating expenses related to research and development of its ASICs roadmap [2]. - Following the financial results announcement, Bitdeer's stock price fell from $17.65 per share to $15.02 per share, marking a decline of over 14% [2]. Group 3: Investor Information - Investors who purchased Bitdeer shares are encouraged to contact the law firm Gainey McKenna & Egleston before the lead plaintiff motion deadline on February 2, 2026 [3].
DEADLINE ALERT for BTDR, GAUZ, ITGR, FFIV: Law Offices of Howard G. Smith Reminds Investors of Opportunity to Lead Securities Fraud Class Actions
Globenewswire· 2026-01-07 17:35
Core Viewpoint - Class action lawsuits have been filed on behalf of shareholders of several publicly-traded companies, with specific deadlines for filing lead plaintiff motions [1] Group 1: Bitdeer Technologies Group (NASDAQ: BTDR) - Class period is from June 6, 2024, to November 10, 2025, with a lead plaintiff deadline of February 2, 2026 [2] - Allegations include false and misleading statements regarding the SEAL04 chip's energy efficiency and its readiness for mass production, impacting the company's business outlook [2] Group 2: Gauzy Ltd. (NASDAQ: GAUZ) - Class period is from March 11, 2025, to November 13, 2025, with a lead plaintiff deadline of February 6, 2026 [3] - Allegations state that three French subsidiaries lacked financial means to meet debts, indicating potential insolvency and default risks, which misled investors about the company's financial health [3] Group 3: Integer Holdings Corporation (NYSE: ITGR) - Class period is from July 25, 2024, to October 22, 2025, with a lead plaintiff deadline of February 9, 2026 [4] - Allegations include overstating competitive position in the EP manufacturing market and mischaracterizing sales deterioration, leading to misleading statements about growth prospects [4] Group 4: F5, Inc. (NASDAQ: FFIV) - Class period is from October 28, 2024, to October 27, 2025, with a lead plaintiff deadline of February 17, 2026 [5] - Allegations involve a significant security incident that jeopardized client security and the company's future, resulting in misleading statements about business operations [5]
BTDR Shareholder Reminder: Kessler Topaz Meltzer & Check, LLP Reminds Bitdeer Technologies Group (BTDR) Shareholders of Deadline in Securities Fraud Class Action Lawsuit
Prnewswire· 2026-01-04 23:50
Core Viewpoint - A securities class action lawsuit has been filed against Bitdeer Technologies Group for allegedly making materially false and misleading statements regarding its business operations and prospects during the class period from June 6, 2024, to November 10, 2025 [1][2]. Allegations Against Defendants - The complaint claims that Bitdeer misrepresented issues related to the SEAL04 chip design, which caused production delays [2]. - Bitdeer allegedly adopted a "dual-track approach" to create two independent designs to compensate for lost progress, while still assuring the public that production timelines were on track [2]. - As a result of these actions, the statements made by the defendants about the company's business and operations were deemed materially false and misleading [2]. Lead Plaintiff Process - Investors in Bitdeer have until February 2, 2026, to seek appointment as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel [3]. - The lead plaintiff will represent all class members in directing the litigation and is typically the investor or group of investors with the largest financial interest [3]. - Participation as a lead plaintiff does not affect the ability of other investors to share in any recovery [3].
BTDR DEADLINE APPROACHING: Faruqi & Faruqi, LLP Reminds BitDeer Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of February 2, 2026
Globenewswire· 2026-01-03 12:23
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Bitdeer Technologies Group due to alleged violations of federal securities laws, particularly concerning misleading statements about the company's SEALMINER A4 project and its financial performance [4][6]. Group 1: Legal Investigation and Class Action - The firm is reminding investors of the February 2, 2026 deadline to seek the role of lead plaintiff in a federal securities class action against Bitdeer [4]. - Investors who suffered losses in Bitdeer between June 6, 2024, and November 10, 2025, are encouraged to contact the firm to discuss their legal rights [1][4]. Group 2: Financial Performance and Stock Impact - Bitdeer reported a third-quarter earnings per share of -$1.28, missing the consensus estimate of -$0.22, which led to a stock price drop of $2.63 per share, or 14.9%, closing at $15.02 on November 11, 2025 [7]. - Following a fire incident at its construction facility in Ohio, Bitdeer's stock fell another $2.83 per share, or 20.3%, closing at $11.11 on November 13, 2025 [8]. Group 3: Allegations of Misleading Statements - The complaint alleges that Bitdeer and its executives failed to disclose critical information regarding the SEAL04 chip's development and its expected mass production timeline [6].
Kessler Topaz Meltzer & Check, LLP Encourages Bitdeer Technologies Group Investors with Losses to Contact the Firm
Globenewswire· 2025-12-29 23:32
Core Viewpoint - A securities class action lawsuit has been filed against Bitdeer Technologies Group for allegedly making false and misleading statements regarding its business operations and prospects during the class period from June 6, 2024, to November 10, 2025 [1]. Group 1: Allegations Against Bitdeer - The complaint claims that Bitdeer misrepresented issues with its SEAL04 chip design, which caused production delays [2]. - Bitdeer allegedly adopted a "dual-track approach" to create two independent designs to compensate for lost progress, while still assuring the public that production timelines were on track [2]. - As a result of these actions, the statements made by Bitdeer regarding its business and operations were deemed materially false and misleading [2]. Group 2: Lead Plaintiff Process - Investors in Bitdeer have until February 2, 2026, to seek appointment as a lead plaintiff representative for the class or may choose to remain absent [3]. - The lead plaintiff will represent all class members in directing the litigation and is typically the investor or group of investors with the largest financial interest [3]. - The decision to serve as a lead plaintiff does not affect an investor's ability to share in any recovery [3]. Group 3: Law Firm Information - Kessler Topaz Meltzer & Check, LLP is a prominent U.S. law firm specializing in securities-fraud class actions and global investor protection [4]. - The firm has a history of leading significant recoveries in securities litigation and has received multiple accolades for its work [4]. - KTMC operates globally with offices in Pennsylvania and California, representing both individual and institutional investors [4].
Bronstein, Gewirtz & Grossman LLC Urges Bitdeer Technologies Group Investors to Act: Class Action Filed Alleging Investor Harm
Globenewswire· 2025-12-29 18:06
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 Class Period from June 6, 2024, to November 10, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit seeks to recover damages for investors who purchased Bitdeer securities during the specified Class Period [2]. - The Complaint alleges that Defendants made materially false and misleading statements and failed to disclose critical information regarding the SEALMINER A4 project and the SEAL04 chip [3]. - Specific allegations include the concealment of adverse facts about the SEALMINER A4 project, the unavailability of the SEAL04 chip for A4 rigs, and the delay in mass production of the SEAL04 chip, which was not expected to begin in Q2 2025 as previously indicated [3]. Group 2: Next Steps for Investors - Investors affected by the situation have until February 2, 2026, to request appointment as lead plaintiff in the class action [4]. - Participation in any recovery does not require serving as lead plaintiff [4]. Group 3: Legal Representation - Bronstein, Gewirtz & Grossman, LLC operates on a contingency fee basis, meaning they will only seek reimbursement for expenses and fees if successful [5]. - The firm has a strong track record, having recovered hundreds of millions of dollars for investors in securities fraud class actions [6].