#United States #New York #Securities Class Action #Faruqi & Faruqi #Bitdeer Technologies

Investor Claims Against Bitdeer Technologies: What's Happening?

As the deadline approaches, investors in Bitdeer Technologies Group are urged to take action regarding potential claims. Faruqi & Faruqi, LLP is leading the investigation into these claims and has identified key points that are concerning for shareholders and investors alike.

The Role of Faruqi & Faruqi

Faruqi & Faruqi is a distinguished national securities law firm renowned for representing investors across the country. Based in New York with branches in California, Pennsylvania, and Georgia, they have garnered a reputation for recovering settlements that amount to hundreds of millions of dollars since their inception in 1995. Their commitment to safeguarding investor rights is unparalleled, and they are determined to shed light on any allegations against Bitdeer Technologies.

Understanding the Allegations

The primary focus of the investigation considers allegations that Bitdeer and its executives may have violated federal securities laws. The claims particularly revolve around misleading statements regarding the company's technology and production capabilities. Investors are concerned that they were led to believe in the mass production of the fourth-generation SEALMINER rigs using optimized SEAL04 ASIC chip technology, which was reported to have energy efficiency ratings far lower than reality.

Rumors have circulated that the company's promise of a chip energy efficiency at around 5J/TH wasn't as feasible as claimed. According to the findings presented by Faruqi & Faruqi, key executives may have concealed crucial facts about the state and readiness of this technology, ultimately misleading shareholders and causing them to invest at inflated stock prices.

Press Releases and Stock Performance

As events unfolded, Bitdeer published its unaudited financial results, reporting losses that were starkly at odds with analysts’ expectations. The company posted an earnings per share of -$1.28, significantly missing the consensus estimate of -$0.22. This misstep sent shockwaves through the market, resulting in a dramatic decline of the company's stock—falling by 14.9% following this news. Soon after, another incident—a fire at Bitdeer's construction facility—exacerbated fears and further decreased their stock price by another 20%. These developments raise serious questions about operational transparency at Bitdeer Technologies.

Lead Plaintiff and Class Action

Currently, the situation calls for investors who have suffered losses after acquiring Bitdeer's securities between June 6, 2024, and November 10, 2025, to consider stepping up as lead plaintiffs in a federal securities class action. This role involves directing the litigation and representing the interests of the broader class of injured shareholders. Any class member can opt to lead or remain an absent member without affecting their eligibility for a potential recovery.

The Importance of Acting Quickly

With the deadline for seeking the role of lead plaintiff set for February 2, 2026, affected investors must act swiftly. Faruqi & Faruqi encourages anyone with relevant information or potential evidence, including whistleblowers and former employees, to come forward. They aim to build a strong case that holds Bitdeer and its executives accountable for any missteps.

Conclusion

This situation at Bitdeer Technologies serves as a critical reminder of the risks involved in investing and the need for transparency and accountability from companies. As the days tick down to the lead plaintiff deadline, investors must collaborate with legal entities like Faruqi & Faruqi to protect their interests and pursue justice.

To discuss options or seek further information about your rights as an investor in Bitdeer Technologies, please contact Josh Wilson at Faruqi & Faruqi directly. Keeping informed and taking action is essential for navigating this potential class action.