Bitdeer Technologies Faces Class Action Lawsuit Amid Earnings Miss
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 20 Jan 26
Source: Globenewswire
Bitdeer Technologies Group's stock dropped 14.9% after crossing below the 5-day SMA, closing at $15.02 per share.
The company is facing a class action lawsuit initiated by Pomerantz LLP, alleging securities fraud and poor financial performance, with a reported Q3 2025 loss of -$1.28 per share, significantly worse than the consensus estimate of -$0.22. Additionally, delays in the development of the next-generation Seal 04 ASIC chip have raised concerns about the company's future growth prospects.
This legal action and disappointing earnings report may further undermine investor confidence, potentially leading to increased volatility in Bitdeer's stock as the market reacts to these developments.
Analyst Views on BTDR
Wall Street analysts forecast BTDR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BTDR is 32.60 USD with a low forecast of 25.00 USD and a high forecast of 40.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Analyst Rating
10 Buy
0 Hold
0 Sell
Strong Buy
Current: 13.900
Low
25.00
Averages
32.60
High
40.00
Current: 13.900
Low
25.00
Averages
32.60
High
40.00
About BTDR
Bitdeer Technologies Group is a technology company for blockchain. It provides computing solutions for customers. The Company handles processes involved in computing, such as equipment procurement, transport logistics, datacenter design and construction, and equipment management. It primarily operates three business lines, namely self-mining, hash rate sharing, and hosting. Self-mining refers to cryptocurrency mining for its own account, which allows it to directly capture the high appreciation potential of cryptocurrency. It offers two types of hash rate sharing solutions, namely Cloud Hash Rate and Hash Rate Marketplace. Through Cloud Hash Rate, the Company sells its hash rate to customers. It offers hash rate subscription plans at a fixed price and shares mining income with them under certain arrangements. Its hosting services offer customers one-stop mining rig hosting solutions encompassing deployment, maintenance, and management services for efficient cryptocurrency mining.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
