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News  ›  GlobeNewswire Inc.

BTDR Stockholder Alert: Shareholder Rights Law Firm Robbins LLP Reminds Investors of the Class Action Lawsuit Against Bitdeer Technologies Group

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Robbins Llp
BTDR Stockholder Alert: Shareholder Rights Law Firm Robbins LLP Reminds Investors of the Class Action Lawsuit Against Bitdeer Technologies Group

A class action lawsuit has been filed against Bitdeer Technologies Group, alleging the company misled investors about its SEAL04 ASIC chip technology development and research progress, resulting in significant financial losses.

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BTDR   negative

The company is accused of creating a false impression about its technology development, experiencing a widened net loss of $266.7 million, and seeing its stock price decline over 14% after revealing R&D challenges