Bitdeer Technologies Group Class Action Lawsuit - BTDR
Case Summary
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The Bitdeer class action lawsuit seeks to represent purchasers or acquirers of Bitdeer Technologies Group (NASDAQ: BTDR) securities between June 6, 2024 and November 10, 2025, inclusive (the “Class Period”). Captioned Sakar v. Bitdeer Technologies Group, No. 25-cv-10069 (S.D.N.Y.), the Bitdeer class action lawsuit charges Bitdeer and certain of Bitdeer’s top executives with violations of the Securities Exchange Act of 1934.
If you suffered substantial losses and wish to serve as lead plaintiff of the Bitdeer class action lawsuit, please provide your information in the form on this page. You can also contact attorney J.C. Sanchez or Jennifer N. Caringal of Robbins Geller by calling 800/449-4900 or via e-mail at info@rgrdlaw.com. Lead plaintiff motions for the Bitdeer class action lawsuit must be filed with the court no later than February 2, 2026.
CASE ALLEGATIONS: Bitdeer operates as a technology company for blockchain and high-performance computing (“HPC”).
The Bitdeer class action lawsuit alleges that throughout the Class Period defendants: (i) created the false impression that they possessed reliable information pertaining to Bitdeer’s enhanced focus on developing the fourth-generation SEALMINER A4 machine using its SEAL04 ASIC chip technology expected to have a chip energy efficiency of as low as 5J/TH that would help to increase revenue through self-mining and external sales in fiscal year 2025; and (ii) continually reiterated that the SEAL04 research and development remained on track to achieve chip efficiency for use in the A4 machine with mass production expected in the second quarter 2025. In truth, as the complaint alleges, there were issues with the SEAL04 chip design progress eventually causing R&D to delay production and take a “dual-track approach” and create two completely independent designs to ensure mass production of the SEAL04 chip.
The Bitdeer class action lawsuit further alleges that on November 10, 2025, Bitdeer announced third quarter 2025 financial results that revealed a net loss of $266.7 million and that its second generation SEAL04 chip would be “significantly delayed.” On this news, the price of Bitdeer stock fell more than 14%, according to the complaint.
THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired Bitdeer securities during the Class Period to seek appointment as lead plaintiff in the Bitdeer class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the Bitdeer investor class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Bitdeer shareholder class action lawsuit. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Bitdeer class action lawsuit.
ABOUT ROBBINS GELLER: Robbins Geller Rudman & Dowd LLP is one of the world’s leading law firms representing investors in securities fraud and shareholder litigation. Our Firm has been ranked #1 in the ISS Securities Class Action Services rankings for four out of the last five years for securing the most monetary relief for investors. In 2024, we recovered over $2.5 billion for investors in securities-related class action cases – more than the next five law firms combined, according to ISS. With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs’ firms in the world, and the Firm’s attorneys have obtained many of the largest securities class action recoveries in history, including the largest ever – $7.2 billion – in In re Enron Corp. Sec. Litig.