New York, January 6, 2026, 15:12 EST — Regular session
- Bitdeer shares fell about 4.6% in afternoon trade as bitcoin slipped.
- Law-firm notices again highlighted a Feb. 2 lead-plaintiff deadline in a securities class action.
- Other U.S.-listed bitcoin miners also traded lower, underscoring the sector’s tight link to crypto prices.
Shares of Bitdeer Technologies Group fell 4.6% to $11.91 in afternoon trading on Tuesday, extending choppy moves for the bitcoin miner after a sharp rise in the prior session.
The stock tracked a dip in bitcoin, which was down about 2.2% at around $92,297. Miners often move more than the cryptocurrency because their revenues and margins can swing with token prices and network conditions.
The drop also comes as fresh law-firm notices circulated on Tuesday reminding investors of a pending securities class action and a Feb. 2 deadline to seek lead-plaintiff status. 1
Other U.S.-listed miners were also under pressure, with Marathon Digital down about 2.6% and CleanSpark off roughly 3.3%, while Riot Platforms was little changed.
In crypto markets, Morgan Stanley filed with U.S. regulators to launch exchange-traded funds tied to bitcoin and solana, a sign of Wall Street’s push deeper into digital assets even as prices remained volatile. 2
Bitdeer has drawn investor focus for its push to develop more efficient mining hardware. In an October operations update released in November, the company said its SEAL04 chip — an application-specific integrated circuit, or ASIC, built for bitcoin mining — showed roughly 6–7 joules per terahash, a standard measure of electricity used per unit of computing power, but that development was “significantly delayed.” In the same update, Chief Business Officer Matt Kong said: “We surpassed our 40 EH/s target.” 3
Bitdeer, which is headquartered in Singapore, went public on Nasdaq through a $4 billion blank-check merger in 2021, Reuters reported at the time. 4
But the shares remain a high-beta trade on bitcoin, leaving them vulnerable if the token slides further. Legal uncertainty and execution risk around new mining chips can also weigh on sentiment in a sector that often needs capital for equipment and power.
