Kuznicki Law PLLC notifies investors that a class action has commenced in the United States District Court for the Southern District of New York on behalf of shareholders of Bitdeer Technologies Group who purchased shares between June 6, 2024 and November 10, 2025.
Bitdeer and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On November 10, 2025, despite prior positive statements to investors regarding its research and technology roadmap for its SEALMINER Bitcoin mining machine, the Company announced its financial results for the third quarter of 2025, disclosing a net loss that had widened to $266.7 million or $1.28 per share, due to increased operating expenses related to the “R&D of our ASICs roadmap.”
On this news, the price of Bitdeer’s shares fell from a closing market price of $17.65 per share on November 10, 2025 to $15.02 per share on November 11, 2025, a decline of more than 14%.
If you wish to choose counsel to represent you and the class, you must apply to be appointed lead plaintiff and be selected by the Court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement for the class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in the respective securities during the class periods. Members of the class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff. No class has yet been certified in the above action. Appointment as Lead Plaintiff is not required to partake in any recovery.
Shareholders have until February 2, 2026 to request that the court appoint them lead plaintiff.