Bitdeer Shareholders Pressed to Seek Lead Plaintiff Role in SDNY Suit Over SEAL04, A4 Disclosures
Plaintiffs contend upbeat disclosures about chip readiness later gave way to admissions that coincided with a sharp November 2025 stock drop.
Overview
- Investors who purchased Bitdeer securities between June 6, 2024 and November 10, 2025 fall within the alleged class period.
- Motions to serve as lead plaintiff are due February 2, 2026 in Ismail N. Sakar v. Bitdeer Technologies Group, No. 25-cv-10069 (S.D.N.Y.).
- Filings allege Bitdeer overstated progress on its SEAL04 ASIC and SEALMINER A4 rigs, citing claims of ~5 J/TH efficiency and Q2 2025 mass production.
- Bitdeer reported a Q3 2025 net loss of $266.7 million tied to increased ASIC R&D expenses, and the stock fell over 14% from $17.65 to $15.02 on November 11.
- Law firms including Rosen Law Firm, The Law Offices of Frank R. Cruz, and Kahn Swick & Foti are recruiting class members, and no class has been certified.