SEAL04 Class Actions Over ASIC Disclosures Might Change The Case For Investing In Bitdeer (BTDR)

• Bitdeer Technologies Group now faces multiple shareholder class action lawsuits filed in 2025, alleging that it made materially false or misleading statements about the development progress, efficiency, and production timeline of its SEAL04 ASIC chip and SEALMINER A4 rigs.
• These cases focus investors’ attention on Bitdeer’s disclosures around core proprietary technology that underpins its planned ASIC commercialization and long-term growth ambitions.
• Next, we’ll examine how these class action allegations around SEAL04 disclosures could reshape Bitdeer’s previously optimistic investment narrative.

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Bitdeer Technologies Group Investment Narrative Recap

To own Bitdeer, you have to believe its vertically integrated model and proprietary SEALMINER ASICs can eventually turn heavy R&D and power investments into sustainable profits. The new SEAL04 class actions go straight to the heart of that thesis, since the chip’s efficiency and production timing are central to Bitdeer’s ASIC commercialization plans. In the near term, these lawsuits add to existing earnings volatility and make the success and timing of SEAL04 and SEALMINER A4 the most important catalyst and risk.

Against this backdrop, Bitdeer’s plan to present at the 14th Annual ROTH Deer Valley Event on December 10, 2025, stands out as a key moment to address investor questions around SEAL04 progress, ASIC commercialization, and capital needs. How clearly management communicates around chip development, R&D spending, and the path to monetizing its 101 megawatt Alberta power asset could shape sentiment on whether current losses and capital intensity are a temporary investment phase or a more persistent drag on returns.

Yet, despite all the growth ambitions, investors should be aware that Bitdeer’s widening losses, high R&D spend, and new SEAL04 disclosures could...

Read the full narrative on Bitdeer Technologies Group (it's free!)

Bitdeer Technologies Group's narrative projects $1.8 billion revenue and $343.9 million earnings by 2028. This requires 71.6% yearly revenue growth and an earnings increase of about $664 million from -$320.3 million.

Uncover how Bitdeer Technologies Group's forecasts yield a $34.79 fair value, a 185% upside to its current price.

Exploring Other Perspectives

Seven members of the Simply Wall St Community place Bitdeer’s fair value between US$18.55 and US$310.56, showing sharply different expectations. When you set those views against the current lawsuits over SEAL04 disclosures and the company’s recent net losses, it becomes clear how important it is to weigh several independent perspectives before forming an opinion.

Explore 7 other fair value estimates on Bitdeer Technologies Group - why the stock might be a potential multi-bagger!

Build Your Own Bitdeer Technologies Group Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Bitdeer Technologies Group research is our analysis highlighting 2 key rewards and 2 important warning signs that could impact your investment decision.
• Our free Bitdeer Technologies Group research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Bitdeer Technologies Group's overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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