Bitdeer Investors Urged to Seek Lead Role in SDNY Securities Case as Feb. 2 Deadline Nears

The case targets alleged omissions about SEAL04 delays following sharp market losses after November disclosures.

Overview

Multiple plaintiff firms issued fresh notices on January 2–3 encouraging Bitdeer shareholders to move for lead plaintiff by February 2, 2026.
The putative class covers purchases from June 6, 2024 to November 10, 2025 in Ismail N. Sakar v. Bitdeer Technologies Group, No. 25-cv-10069 in the Southern District of New York, and no class has been certified.
Filings allege Bitdeer misled investors about its SEAL04 chip and SEALMINER A4 timeline, including a 5 J/TH efficiency target and an expected Q2 2025 mass‑production start, rendering prior statements misleading.
On November 10, 2025 the company reported a $266.7 million Q3 net loss tied to higher ASIC R&D and disclosed SEAL04 development was significantly delayed, prompting a share drop of about 15% the next day.
Bitdeer then reported a November 11 fire at its under‑construction Massillon, Ohio facility that damaged two of 26 buildings, and the stock fell roughly 20% more by November 13.