Class Action Filed Against Bitdeer Technologies Group by Shareholders
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6h ago
0mins
Source: PRnewswire
- Class Action Initiated: Robbins LLP reminds shareholders of a class action filed on behalf of investors who purchased Bitdeer Technologies Group (NASDAQ:BTDR) securities between June 6, 2024, and November 10, 2025, highlighting investor concerns regarding the company's prospects.
- Financial Loss Disclosure: Bitdeer reported a net loss of $266.7 million or $1.28 per share for Q3 2025 on November 10, 2025, primarily due to increased operating expenses related to ASIC R&D, leading to a more than 14% drop in stock price the following day.
- R&D Issues Exposed: The lawsuit alleges that Bitdeer misled investors about the progress of the SEAL04 chip design, failing to meet production timelines for the fourth-generation SEALMINER A4 machine, which negatively impacts future revenue expectations and reflects management's misleading communications.
- Call for Shareholder Action: Shareholders wishing to serve as lead plaintiffs in the class action must file their papers with the court by February 2, 2026, underscoring the urgent need for corporate governance and shareholder rights protection.
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.
