#United States #New York #class action lawsuit #Faruqi & Faruqi #Bitdeer Technologies

Faruqi & Faruqi Encourages Bitdeer Technologies Investors

Faruqi & Faruqi, LLP, a well-respected national securities law firm, has issued an investor notice that may significantly interest those involved with Bitdeer Technologies Group. The firm is reminding all investors of a pending class action lawsuit related to the company, highlighting the importance of participating before the lead plaintiff deadline on February 2, 2026.

This class action lawsuit emerges in the wake of claims regarding potential securities law violations by Bitdeer. Investors who acquired shares between June 6, 2024, and November 10, 2025, are specifically encouraged to reach out and explore their legal rights. If you have suffered financial losses in Bitdeer, you could have the opportunity to take action.

In a detailed overview, the lawsuit alleges that Bitdeer and its executives made numerous false and misleading statements to investors. These claims include an assertion regarding the efficiency of the company's groundbreaking SEALMINER A4 rigs, which utilize the SEAL04 ASIC chip technology. Initial statements suggested that the A4 rigs would achieve an energy efficiency of as low as 5 J/TH. However, critical details about the production and performance of these chips were allegedly withheld from investors, causing many to make purchasing decisions based on exaggerated promotional narratives.

On November 10, 2025, Bitdeer released its unaudited financial results for the third quarter, revealing a stark earnings per share loss of -$1.28, falling well short of the anticipated -$0.22. To the dismay of shareholders, the company also admitted that the development of its next-generation Seal 04 ASIC chip had encountered significant delays. Following this revelation, Bitdeer's stock price plummeted by 14.9%, closing at $15.02 per share.

As events unfolded, a fire incident occurred at Bitdeer’s construction site in Massillon, Ohio, on November 11, 2025, severely impacting two of the 26 buildings under development. This incident led to additional declines in the stock price, hitting $11.11 per share by November 13, 2025, marking a staggering drop of 20.3% in just a couple of days. Clearly, these incidents have raised substantial concerns for investors regarding the company's transparency and operational stability.

Faruqi & Faruqi has urged affected shareholders to consider stepping forward as lead plaintiffs in the class action lawsuit. The role of the lead plaintiff is vital as this party holds the largest financial stake in the claims and acts on behalf of all class members involved in the litigation. Legal pathways have been established for members of the putative class to express their intentions either to actively participate as lead plaintiffs or remain as absent class members. It's crucial to remember that your eligibility to share in any recovery is not dependent on the decision to serve as a lead plaintiff.

Moreover, Faruqi & Faruqi encourages anyone with pertinent information regarding Bitdeer’s business practices to come forward. Whether you are a whistleblower, a former employee, or a shareholder, your insights could aid in illuminating the truth behind the company's recent claims and operational challenges.

For those who wish to explore this class action further, additional information is available on the firm's website, or interested parties can directly contact partner Josh Wilson at 877-247-4292 or 212-983-9330 (Ext. 1310). Updates will also be shared through LinkedIn, X, and Facebook to ensure that investors remain informed.

In conclusion, with the court-imposed deadline fast approaching, the time for Bitdeer investors to act is now. By leveraging the support and expertise of legal professionals at Faruqi & Faruqi, affected shareholders can work to secure their rights amidst these tumultuous circumstances. Remember, you are not alone in this journey—resources are available to help you navigate through these complexities.