Bitdeer Technologies Faces Class Action Lawsuit Amid Financial Losses
Bitdeer Technologies Group's stock rose by 6.16% as it reached a 20-day high, despite the broader market showing mixed signals with the Nasdaq-100 down 0.11% and the S&P 500 up 0.05%.
The company is currently facing a class action lawsuit due to undisclosed delays in the production of its SEAL04 ASIC chip, which has raised concerns about its future prospects. Investors who purchased Bitdeer securities between June 6, 2024, and November 10, 2025, can file to become lead plaintiffs by February 2, 2026. This legal action follows a significant financial loss reported for Q3 2025, where Bitdeer posted a net loss of $266.7 million, leading to a decline in investor confidence.
The implications of this lawsuit could further impact Bitdeer's stock performance as investors remain wary of the company's ability to deliver on its promises. The ongoing legal challenges may overshadow any positive price movements in the short term.
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- Price Adjustment: B. Riley has reduced the target price for Bitdeer Technologies Group from $29 to $22.
- Market Impact: This adjustment reflects changing market conditions and expectations for the company's performance.

- Significant Revenue Growth: Bitdeer Technologies reported Q4 revenue of $224.8 million, a remarkable 225.8% year-over-year increase that exceeded market expectations by $18.38 million, highlighting the company's strong performance in the cryptocurrency mining sector and solidifying its market position.
- Net Profit Turnaround: The company achieved a net profit of $70.5 million, a substantial turnaround from a net loss of $531.9 million in the same period last year, indicating significant progress in cost control and operational efficiency, which enhances investor confidence.
- Gross Profit Improvement: Gross profit reached $10.6 million, up from $5.1 million year-over-year, reflecting the company's ability to effectively manage costs while driving revenue growth, thereby improving overall profitability.
- Strong Cash Position: As of December 31, 2025, Bitdeer reported cash and cash equivalents of $149.4 million, demonstrating financial stability that provides ample funding for future investments and expansion initiatives.
- Earnings Announcement: Bitdeer Technologies is set to release its Q4 2023 earnings report on February 12 before the market opens, with investors keenly awaiting performance metrics to assess the company's competitiveness in the cryptocurrency sector.
- Earnings Expectations: The consensus EPS estimate stands at -$0.12, reflecting a significant year-over-year improvement of 96.3%, indicating potential enhancements in cost control and operational efficiency within the company.
- Revenue Forecast: Bitdeer's revenue estimate is projected at $209.22 million, representing a remarkable year-over-year growth of 203.2%, which highlights the strong momentum in its cryptocurrency mining operations and may attract increased investor interest.
- Estimate Revisions: Over the past three months, EPS estimates have seen no upward revisions and four downward adjustments, while revenue estimates experienced four upward and four downward revisions, indicating market divergence and uncertainty regarding the company's future performance.
- Mining Performance Surge: Bitdeer mined 668 BTC in January 2026, representing a remarkable year-over-year increase of approximately 430%, highlighting the company's strong performance and competitiveness in the cryptocurrency market.
- Hashrate Expansion: The self-mining hashrate reached 63.2 EH/s, with total deployed hashrate expanding to 65.1 EH/s and total hashrate under management at 78.1 EH/s, significantly up from 22.4 EH/s in January 2025, indicating effective strategic resource allocation and technological advancement.
- Mining Rig Deployment: The company deployed a total of 314,000 mining rigs globally, including 232,000 self-owned and 82,000 hosted rigs, reflecting its capability to expand in the global market and invest in mining infrastructure.
- Bitcoin Holdings Adjustment: As of January 2026, Bitdeer's Bitcoin holdings decreased to 1,530 BTC from 2,017 BTC in December 2025, illustrating ongoing adjustments in the company's capital allocation strategies.
- Earnings Call Schedule: Bitdeer Technologies Group has scheduled its Q4 2025 earnings conference call for February 12, 2026, at 8:00 AM EST, during which management will discuss the unaudited financial and operational results for the quarter ended December 31, 2025, followed by a Q&A session.
- Timing of Results Release: The company will release its Q4 financial results at approximately 7:00 AM EST on February 12, 2026, ensuring that investors receive the latest information prior to the call, thereby enhancing transparency and communication efficiency.
- Participation Details: Participants can register for the call via the provided links, and upon registration, they will receive an email with the dial-in number, passcode, and PIN, with a recommendation to connect five minutes early to ensure a timely start, improving the overall experience.
- Company Background: Bitdeer is a world-leading technology company for Bitcoin mining and AI infrastructure, committed to providing comprehensive Bitcoin mining solutions, handling complex processes such as equipment procurement, logistics, and data center design, showcasing its significant position in the industry.








