Bitdeer Technologies Faces Class Action for Securities Fraud
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1d ago
0mins
Source: Globenewswire
- Lawsuit Reminder: The Schall Law Firm reminds investors of a class action lawsuit against Bitdeer Technologies (NASDAQ:BTDR) for violations of §§10(b) and 20(a) of the Securities Exchange Act, concerning securities purchased between June 6, 2024, and November 10, 2025, with a deadline to contact the firm by February 2, 2026.
- False Statements: The complaint alleges that Bitdeer consistently made positive statements while concealing the true status of its SEALMINER A4 project, failing to inform investors that A4 rigs could not utilize the SEAL04 chip for energy efficiency, leading to investor losses.
- Market Impact: When the market learned the truth about Bitdeer, investors suffered significant damages, indicating serious deficiencies in the company's disclosure practices that could affect future market trust and stock performance.
- Legal Consultation Opportunity: The Schall Law Firm offers free consultations and encourages affected investors to take action before the class action is certified to ensure their rights are protected.
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.
