TendieTensor TendieTensor
You’re browsing as
Guest
Free Preview
Sign in/sign up to unlock all features.
News  ›  GlobeNewswire Inc.

Deadline Alert: Bitdeer Technologies Group (BTDR) Shareholders Who Lost Money Urged To Contact Glancy Prongay & Murray LLP About Securities Fraud Lawsuit

GlobeNewswire Inc. Logo GlobeNewswire Inc. • •By Glancy Prongay & Murray Llp
Deadline Alert: Bitdeer Technologies Group (BTDR) Shareholders Who Lost Money Urged To Contact Glancy Prongay & Murray LLP About Securities Fraud Lawsuit

Bitdeer Technologies Group (NASDAQ: BTDR) faces a securities fraud class action lawsuit after the company disclosed on November 10, 2025 that its Q3 2025 loss per share was $1.28, significantly worse than the expected $0.22 loss. Additionally, the company revealed substantial delays in developing its next-generation Seal 04 ASIC chip, contradicting previous positive statements. The stock fell 14.9% following the announcement. Investors who purchased Bitdeer securities between June 6, 2024 and November 10, 2025 have until February 2, 2026 to file a lead plaintiff motion.

Insights
GOOG   positive

Partnering with Broadcom on custom tensor processing unit hardware and part of major AI infrastructure investment plans

BTDR   negative

The company is facing a securities fraud lawsuit due to materially false and misleading statements about its SEAL04 chip development timeline and financial performance. The significant miss on earnings expectations (loss of $1.28 vs. expected $0.22 per share) and substantial product delays resulted in a 14.9% stock price decline, indicating serious operational and disclosure failures.

Keywords
#securities fraud #class action lawsuit #ASIC chip delay #financial misstatement #stock price decline #cryptocurrency mining

Tickers
BTDR
← Prev: Independent Bank Corporation Announces Date for Its Fourth Quarter 2025 Earnings Release