Case Background:
This is a federal securities fraud class action lawsuit on behalf of those who purchased or otherwise acquired Bitdeer Technologies Group (“Bitdeer”) (NASDAQ: BTDR) securities between June 6, 2024 and November 10, 2025, inclusive (the “Class Period”).
Bitdeer is a Bitcoin mining and high-performance computing (HPC) data-center infrastructure company that offers self-mining and hosting services, as well as mining solutions under the brand SEALMINER.
The Class Period begins on June 6, 2024, when Bitdeer issued a press release that announced its research and development technology roadmap for its SEALMINER machine. The press release expressed confidence in Bitdeer’s ability to mass-produce its SEALMINER A4 rigs to be deliverable starting in 2025, using its more energy efficient SEAL04 application specific integrated circuit chip technology. Bitdeer touted SEAL04’s purported energy efficiency.
The complaint alleges that, throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material facts about the company’s business, operations, and prospects. Specifically, Defendants misrepresented and/or failed to disclose that: (1) issues in the SEAL04 chip design progress caused a delay in production; (2) Bitdeer decided to take a “dual-track approach” and create two independent designs in an attempt to make-up for its lost progress; (3) despite this, Bitdeer continued to reassure the public that the SEAL04 production and operations timeline was still on track; and (4) as a result of the foregoing, Defendants’ statements about the company’s business, operations, and prospects were materially false and/or misleading and/or lacked a reasonable basis at all relevant times.
Current Status of Case:
On February 10, 2026, the Court appointed Lead Plaintiff and Lead Counsel. This action is ongoing.
If you wish to discuss this action or have any questions, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; toll-free at (844) 887-9500; or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.