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

Overview

• The securities class action, Ismail N. Sakar v. Bitdeer Technologies Group, No. 25-cv-10069, is pending in the Southern District of New York, with motions for lead plaintiff due February 2, 2026.
• The proposed class covers purchasers of Bitdeer securities from June 6, 2024 through November 10, 2025, inclusive.
• Filings allege Bitdeer touted a SEAL04 chip targeting 5 J/TH efficiency and projected A4 rig mass production in the second quarter of 2025.
• The complaint asserts Bitdeer faced SEAL04 design delays, adopted a dual‑track redesign, yet continued to affirm its production timeline, with all claims unproven at this stage.
• Plaintiffs point to Bitdeer’s November 10, 2025 disclosure of a $266.7 million quarterly net loss tied to ASIC R&D and the following day’s share price drop of more than 14% as the corrective event.