Bitdeer Investors Face Feb. 2 Deadline to Seek Lead Role in SDNY Securities Class Action

Plaintiffs say misleading disclosures about the SEAL04 chip preceded a sharp selloff following a $266.7 million quarterly loss.

Overview

The case, Ismail N. Sakar v. Bitdeer Technologies Group, et al., No. 25-cv-10069, is pending in the U.S. District Court for the Southern District of New York.
The alleged class period spans June 6, 2024 through November 10, 2025, and investors seeking appointment as lead plaintiff must move the court by February 2, 2026.
Filings claim Bitdeer overstated SEALMINER A4 readiness and SEAL04 chip efficiency targets of 5 J/TH while failing to disclose production delays and a dual-track redesign effort.
On November 10, 2025, Bitdeer reported a third-quarter net loss of $266.7 million tied to ASIC R&D, and the stock fell more than 14% the next day, from $17.65 to $15.02.
Rosen Law, Kahn Swick & Foti, and Kessler Topaz are soliciting class members, and no class has been certified as investors weigh whether to seek leadership or remain absent class members.