Bitdeer Investors Urged to Seek Lead Role in Securities Suits as Deadline Nears
The complaints center on claimed misstatements over SEAL04 readiness, efficiency targets, A4 production timing.
Overview
- Rosen Law Firm and Kahn Swick & Foti say investors have until February 2, 2026 to seek lead-plaintiff status, while a Pomerantz notice lists February 2, 2025, creating a date discrepancy.
- Plaintiffs allege Bitdeer touted SEALMINER A4 plans using its SEAL04 ASIC with projected ~5 J/TH efficiency and near-term mass production despite undisclosed setbacks.
- On November 10, 2025, Bitdeer reported a widened net loss tied to its ASIC R&D and said SEAL04 development was significantly delayed, after which the stock fell 14.9% on November 11.
- The litigation is pending in the Southern District of New York, including the case Ismail N. Sakar v. Bitdeer Technologies Group, No. 25-cv-10069.
- No class has been certified and the allegations remain unproven, with proposed class members defined as purchasers from June 6, 2024 through November 10, 2025.