Faruqi & Faruqi Investigates Bitdeer Securities Fraud, Stock Plummets 20.3%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Globenewswire
- Legal Investigation Launched: Faruq & Faruq LLP is investigating potential securities fraud claims against Bitdeer Technologies Group (NASDAQ: BTDR), particularly regarding false statements related to its SEALMINER A4 project, with investors encouraged to apply as lead plaintiffs by February 2, 2026.
- Financial Performance Miss: Bitdeer reported a third-quarter 2025 earnings per share of -$1.28, significantly below the consensus estimate of -$0.22, resulting in a 14.9% stock price drop to $15.02 on November 11, 2025.
- Production Delays Impact: The company disclosed significant delays in the development of its next-generation SEAL04 chip, which was expected to begin mass production in Q2 2025, further undermining investor confidence.
- Fire Incident Consequences: A fire at Bitdeer's construction facility in Ohio damaged two buildings, leading to another 20.3% drop in stock price to $11.11, highlighting increasing operational risks for the company.
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: 14.040
Low
25.00
Averages
32.60
High
40.00
Current: 14.040
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.
