Case Summary
Bitdeer
NASDAQ : BTDR
Case Details
- Sakar v. Bitdeer Technologies Group, et al.
- Class Period:June 6, 2024 - November 10, 2025
- Date Filed:December 4, 2025
- Jurisdiction:U.S. District Court, Southern District of New York
- Docket Number: 1:25-cv-10069
- Lead Plaintiff Deadline: February 2, 2026
Seek Plaintiff 16
Overview
A class action lawsuit has been filed against Bitdeer Technologies Group (“Bitdeer” or the “Company”) (NASDAQ : BTDR) and certain of the Company’s senior executive officers alleging violations of federal securities laws. The Bitdeer lawsuit is brought on behalf of all persons and entities who purchased or otherwise acquired Bitdeer securities between June 6, 2024, and November 10, 2025, both dates inclusive (the “Class Period”). Investors have until February 2, 2026, to seek appointment as lead plaintiff of the Bitdeer class action lawsuit.
Bitdeer is a Bitcoin mining and high-performance computing data infrastructure company with locations in Singapore, the United States, Bhutan, and Norway. In addition to providing self-mining and hosting services, Bitdeer offers mining solutions under the SEALMINER brand.
The lawsuit alleges that Bitdeer and its executives misled investors regarding the Company’s mass production of its fourth-generation SEALMINER (A4) rigs using the Company’s SEAL04 Chips. Throughout the Class Period, defendants continually reiterated that the SEAL04 research and development remained on track to achieve chip efficiency for use in the SEALMINER (A4) machines with mass production expected in second quarter 2025. The lawsuit alleges that in reality, however there were issues with the SEAL04 chip design progress causing R&D to delay and change production.
The truth emerged on November 10, 2025, when Bitdeer announced third quarter 2025 financial results that revealed a net loss of $266.7 million, and that the Company’s second generation SEAL04 chip would be “significantly delayed” and mass production of SEALMINER (A4) rigs was now targeted to begin in the first quarter of 2026. As a result, the price of Bitdeer’s stock declined from a closing market price of $17.65 per share on November 10, 2025 to $15.02 per share on November 11, 2025, a decline of more than 14%
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If you purchased or otherwise acquired Bitdeer securities between June 6, 2024, and November 10, 2025, and you wish to serve as lead plaintiff in this lawsuit, you are encouraged to submit your information to DiCello Levitt LLP via the form on this page.
You can also contact DiCello Levitt partner Brian O’Mara by calling (888) 287-9005 or at investors@dicellolevitt.com.
The deadline to apply to the Court to serve as a lead plaintiff in the Bitdeer lawsuit is February 2, 2026.