#United States #San Diego #Robbins LLP #Bitdeer Technologies #BTDR

Overview

Bitdeer Technologies Group, a company involved in Bitcoin mining and high-performance computing, is currently facing legal challenges due to a class action lawsuit that has been initiated on behalf of its shareholders. The lawsuit comes as a response to significant losses incurred by investors who purchased Bitdeer's securities during the set class period, which spans from June 6, 2024, to November 10, 2025. The firm Robbins LLP is leading this class action and is seeking to bring justice for those impacted.

Background of the Lawsuit

Robbins LLP has filed a class action suit against Bitdeer, alleging that the company misled its investors about the business prospects, particularly concerning the development of their fourth-generation SEALMINER A4 machine. The SEALMINER A4 relies on the SEAL04 ASIC chip technology, which Bitdeer promoted as having impressive energy efficiency, predicted to be as low as 5J/TH. The firm reiterated that development was on track and production was expected to begin in the second quarter of 2025.

However, the complaint reveals that there were severe design issues with the SEAL04 chip, which led the research and development team to delay production. Instead of proceeding with one design, they had to adopt a duplicated approach, working on two independent designs to ensure the SEAL04's mass production could be achieved.

The Reality Check

On November 10, 2025, the company's financial report unveiled a shocking net loss of $266.7 million, equating to a staggering loss of $1.28 per share. Bitdeer attributed these losses to rising operation costs linked to their ASIC roadmap research and development. These disappointing financial results had an immediate impact on Bitdeer's stock price, which plummeted over 14%, dropping from $17.65 per share to $15.02 per share by November 11, 2025.

This alarming drop not only reflects a decline in investor confidence but also raises serious questions about the transparency and integrity of Bitdeer's communications with its stakeholders.

Potential for Class Action Participation

Shareholders who believe they might be affected by this class action are encouraged to take action. Those interested in becoming the lead plaintiff must submit the necessary paperwork to the court by February 2, 2026. The lead plaintiff acts on behalf of all class members in directing the litigation process. Importantly, participating in the lawsuit is not a prerequisite for recovering any potential damages, as shareholders have the option to remain absent class members if they choose not to take action.

Robbins LLP operates on a contingency fee basis, which means shareholders will incur no fees unless they recover losses through the lawsuit.

About Robbins LLP

Founded in 2002, Robbins LLP has established itself as a leading firm in shareholder rights litigation. Their commitment to helping shareholders recover their losses, enhance corporate governance, and hold companies accountable for misconduct has made them a trusted name in the industry.

For more information and updates regarding the status of the class action or to stay informed about any settlements, shareholders are encouraged to sign up for Stock Watch, which provides free alerts related to corporate wrongdoings.

In conclusion, if you are a shareholder of Bitdeer Technologies Group and have experienced losses during the specified period, it may be in your best interest to contact Robbins LLP to understand your rights and potential avenues for recovery. Stay informed about your investments and ensure that you are equipped with the necessary information and support during this tumultuous time.