NEW YORK--(BUSINESS WIRE)--Dec 21, 2025--
Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Bitdeer Technologies Group (“Bitdeer” or the “Company”) (NASDAQ: BTDR) and reminds investors of the February 2, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
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Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.
As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that among other things, confidence in the Company’s mass-production of its fourth-generation SEALMINER (A4) rigs using its SEAL04 ASIC (application-specific integrated circuit) chip technology was expected to have a chip energy efficiency of as low as 5J/TH. Defendants provided these positive statements to investors while, at the same time, disseminating false and materially misleading statements and/or concealing material adverse facts concerning the true state of Bitdeer’s SEALMINER A4 project. Specifically, Defendants failed to disclose that the SEAL04 chip projected to have a chip-level energy efficiency of 5 J/TH would be ready for use in the A4 rigs with an expected mass production to begin in the second quarter 2025. Such statements absent these material facts caused Plaintiff and other shareholders to purchase Bitdeer’s securities at artificially inflated prices.
On November 10, 2025, Bitdeer issued a press release reporting its unaudited financial results for the third quarter of 2025. Among other items, Bitdeer reported earnings per share of -$1.28, significantly missing the consensus estimate of -$0.22. Bitdeer also disclosed that "development of [its] next-generation Seal 04 [ASIC chip] is significantly delayed."
On this news, Bitdeer's stock price fell $2.63 per share, or 14.9%, to close at $15.02 per share on November 11, 2025.
Then, on November 12, 2025, Bitdeer issues a press release "reporting a fire incident at its under-construction facility in Massillon, Ohio." According to the press release, "[t]he fire incident occurred on the afternoon of November 11" and "2 of the 26 buildings currently under construction sustained fire damage."
On this news, Bitdeer's stock price fell another $2.83 per share, or 20.3%, to close at $11.11 per share on November 13, 2025.
The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.
Faruqi & Faruqi, LLP also encourages anyone with information regarding Bitdeer’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
To learn more about the Bitdeer Technologies class action, go to www.faruqilaw.com/BTDR or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
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SHAREHOLDER INVESTIGATION: Faruqi & Faruqi, LLP Examining Potential Securities Law Violations at Bitdeer Technologies
PHOENIX (AP) — The next presidential election is three years away, but Turning Point USA already knows it wants Vice President JD Vance as the Republican nominee.
Erika Kirk, leader of the powerful conservative youth organization, endorsed him on opening night of its annual AmericaFest convention, drawing cheers from the crowd.
But the four-day gathering revealed more peril than promise for Vance or any other potential successor to President Donald Trump, and the tensions on display foreshadow the treacherous waters that they will need to navigate in the coming years. The “Make America Great Again” movement is fracturing as Republicans begin considering a future without Trump, and there is no clear path to holding his coalition together as different factions jockey for influence.
“Who gets to run it after?" asked commentator Tucker Carlson in his speech at the conference. “Who gets the machinery when the president exits the scene?”
Vance, who has not said whether he will run for president, is Turning Point's closing speaker Sunday, appearing at the end of a lineup that includes U.S. House Speaker Mike Johnson, R-La., and Donald Trump Jr.
Erika Kirk, who took over as Turning Point's leader when her husband, Charlie Kirk, was assassinated, said Thursday that the group wanted Vance "elected for 48 in the most resounding way possible.” The next president will be the 48th in U.S. history.
Turning Point is a major force on the right, with a nationwide volunteer network that can be especially helpful in early primary states, when candidates rely on grassroots energy to build momentum.
The endorsement carried “at least a little bit of weight” for 20 year-old Kiara Wagner, who traveled from Toms River, New Jersey, for the conference.
“If someone like Erika can support JD Vance, then I can too,” Wagner said.
Vance was close with Charlie Kirk. After Kirk's assassination on a college campus in Utah, the vice president flew out on Air Force Two to collect Kirk's remains and bring them home to Arizona. The vice president helped uniformed service members carry the casket to the plane.
The Republican Party’s identity has been intertwined with Trump for a decade. Now that he is constitutionally ineligible to run for reelection, the party is starting to ponder a future without him at the helm.
So far, it looks like settling that question will require a lot of fighting among conservatives. Turning Point featured arguments about antisemitism, Israel and environmental regulations, not to mention rivalries between leading commentators.
Carlson said the idea of a Republican “civil war” was “totally fake.”
“There are people who are mad at JD Vance, and they’re stirring up a lot of this in order to make sure he doesn’t get the nomination," he said. Carlson describe Vance as “the one person” who subscribes to the “core idea of the Trump coalition,” which Carlson said was “America first.”
Turning Point spokesperson Andrew Kolvet framed the discord as a healthy debate about the future of the movement, an uncomfortable but necessary process of finding consensus.
“We’re not hive-minded commies,” he wrote on X. “Let it play out.”
Vance appeared to have the edge as far as Turning Point attendees are concerned.
“It has to be JD Vance because he has been so awesome when it comes to literally any question,” said Tomas Morales, a videographer from Los Angeles. He said "there’s no other choice.”
Trump has not chosen a successor, though he has spoken highly of both Vance and Secretary of State Marco Rubio, even suggesting they could form a future Republican ticket. Rubio has said he would support Vance.
Asked in August whether Vance was the “heir apparent,” Trump said “most likely.”
“It’s too early, obviously, to talk about it, but certainly he’s doing a great job, and he would be probably favorite at this point,” he said.
Any talk of future campaigns is complicated by Trump's occasional musings about seeking a third term.
“I’m not allowed to run," he told reporters during a trip to Asia in October. "It’s too bad.”
Attendees sit in prayer during Turning Point USA's AmericaFest 2025, Saturday, Dec. 20, 2025, in Phoenix. (AP Photo/Jon Cherry)
Attendees observe the National Anthem during Turning Point USA's AmericaFest 2025, Saturday, Dec. 20, 2025, in Phoenix. (AP Photo/Jon Cherry)
Attendees applaud during Turning Point USA's AmericaFest 2025, Saturday, Dec. 20, 2025, in Phoenix. (AP Photo/Jon Cherry)
