Bitdeer Technologies Group Faces Class Action for Misleading Statements Impacting Investors
Written by Emily J. Thompson, Senior Investment Analyst
Source: Businesswire
Updated: 1 hour ago0mins
- Legal Action Reminder: The Schall Law Firm alerts investors of a class action lawsuit against Bitdeer Technologies Group for violations of securities laws related to securities purchased between June 6, 2024, and November 10, 2025, with a deadline for participation set for February 2, 2026.
- False Statements Exposed: The complaint alleges that Bitdeer consistently made positive statements while concealing the true status of its SEALMINER A4 project, resulting in significant losses for investors once the truth was revealed.
- Project Failure Impact: Bitdeer failed to inform investors that its A4 rigs would not utilize the SEAL04 chip for energy efficiency due to production readiness issues, rendering the company's public statements false and materially misleading throughout the class period.
- Investor Rights Protection: The Schall Law Firm specializes in securities class action lawsuits and encourages affected investors to join the case to recover losses, highlighting the importance of protecting investor rights.
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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 32.18 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.
11 Analyst Rating
11 Buy
0 Hold
0 Sell
Strong Buy
Current: 11.810
Low
25.00
Averages
32.18
High
40.00
Current: 11.810
Low
25.00
Averages
32.18
High
40.00
B. Riley
Nick Giles
Buy
downgrade
$32 -> $29
2025-11-12
Reason
B. Riley
Nick Giles
Price Target
$32 -> $29
2025-11-12
downgrade
Buy
Reason
B. Riley analyst Nick Giles lowered the firm's price target on Bitdeer to $29 from $32 and keeps a Buy rating on the shares. B. Riley remains constructive on Bitdeer following the Q3 earnings report, with key catalysts including mass production of the first-generation A4 chip in 1Q26 and any potential HPC/AI contract announcements or GPU procurement updates, the analyst tells investors in a research note.
Rosenblatt
Kevin Cassidy
Buy
maintain
$20 -> $30
2025-11-11
Reason
Rosenblatt
Kevin Cassidy
Price Target
$20 -> $30
2025-11-11
maintain
Buy
Reason
Rosenblatt analyst Kevin Cassidy raised the firm's price target on Bitdeer to $30 from $20 and keeps a Buy rating on the shares after the company beat Q3 consensus revenue estimates as bitcoin self-mining revenue increased 315% year-over-year and 120% quarter-over-quarter. The firm sees the company as both increasing its power capacity and diversifying its revenue sources through 2026, the analyst tells investors.
H.C. Wainwright
H.C. Wainwright
Buy
downgrade
$32 -> $30
2025-11-11
Reason
H.C. Wainwright
H.C. Wainwright
Price Target
$32 -> $30
2025-11-11
downgrade
Buy
Reason
H.C. Wainwright lowered the firm's price target on Bitdeer to $30 from $32 and keeps a Buy rating on the shares post the earnings report. The firm views yesterday's share pullback as overdone, saying Bitdeer's 2026 growth prospects are underappreciated at current levels.
Alliance Global Partners
Buy
maintain
$24 -> $35
2025-11-10
Reason
Alliance Global Partners
Price Target
$24 -> $35
2025-11-10
maintain
Buy
Reason
Alliance Global Partners raised the firm's price target on Bitdeer to $35 from $24 and keeps a Buy rating on the shares after its Q3 results. The company's higher than expected revenue was mainly driven by growth in self-mining BTC, the analyst tells investors in a research note. General Hosting revenues declined to $8.4 M from $9.6M in Q3 however due to the roll off of certain contracts along with some hosting customers reducing operations of older and less efficient rigs, while the freed-up capacity was reallocated to Self-mining, the firm added.
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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
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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.
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