Bitdeer Investors Face Feb. 2 Deadline to Seek Lead Role in Securities Suit Over SEAL04 Disclosures
The case centers on claims that Bitdeer overstated progress on its A4 roadmap, including a 5 J/TH SEAL04 chip, in filings now before a New York federal judge.
Overview
- Investors who purchased Bitdeer shares from June 6, 2024 through November 10, 2025 fall within the putative class, with motions for lead plaintiff due February 2, 2026.
- Complaints allege Bitdeer failed to disclose that its SEAL04 chip would not be ready for A4 rigs and that a Q2 2025 mass‑production timeline was not achievable.
- Following Q3 2025 results on November 10 that showed a $266.7 million net loss tied to ASIC R&D, Bitdeer’s stock fell more than 14% on November 11.
- One law‑firm notice says Bitdeer later described SEAL04 development as “significantly delayed” and reported a fire at its Massillon, Ohio site, followed by another stock drop on November 13.
- The lawsuit, Ismail N. Sakar v. Bitdeer Technologies Group, No. 25‑cv‑10069, remains pending in the Southern District of New York with no class certified to date.