Bitdeer Investors Urged to Seek Lead-Plaintiff Role by Feb. 2 in Suit Over SEAL04, A4 Claims
Plaintiffs say Bitdeer misled investors about the roadmap for its SEAL04-powered A4 rigs.
Overview
- Notices from Kessler Topaz, Rosen Law, and Portnoy advise BTDR purchasers from June 6, 2024 to November 10, 2025 of the class action and the lead-plaintiff deadline.
- The complaint alleges SEAL04 design problems delayed production and led to a “dual-track” redesign despite public assurances that timelines remained on course.
- Plaintiffs dispute statements promoting a 5 J/TH chip efficiency target and a forecast for A4 mass production to begin in the second quarter of 2025.
- On November 10, 2025, Bitdeer reported Q3 EPS of -$1.28 versus a -$0.22 consensus and said SEAL04 was “significantly delayed,” after which BTDR fell 14.9% to $15.02 on November 11.
- No class has been certified, investors are not represented unless they retain counsel, and participation does not require serving as lead plaintiff.