Bitdeer Investors Pressed to Act as Lead‑Plaintiff Deadline Nears in SEAL04 Securities Case

Investors are being urged to seek lead‑plaintiff status before the February 2 deadline in a case over alleged misstatements about Bitdeer’s SEAL04 chip.

Overview

Multiple plaintiff firms, including Rosen Law Firm, Kahn Swick & Foti, and Faruqi & Faruqi, are soliciting Bitdeer shareholders to contact counsel and consider moving for lead‑plaintiff status by February 2, 2026.
The federal securities class action, captioned 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 complaint targets statements about the SEALMINER A4 rigs and SEAL04 ASIC, alleging investors were told to expect mass production in Q2 2025 and chip‑level efficiency as low as 5 J/TH despite the project not being ready.
On November 10, 2025, Bitdeer disclosed a $266.7 million third‑quarter net loss tied to ASIC R&D and said SEAL04 development was significantly delayed, after which the stock fell more than 14% to $15.02 on November 11.
Following a November 12 press release reporting a fire that damaged 2 of 26 buildings at an under‑construction Massillon, Ohio facility, Bitdeer’s shares declined a further 20.3% to close at $11.11 on November 13.