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.
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.
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.” SEC
Bitdeer, which is headquartered in Singapore, went public on Nasdaq through a $4 billion blank-check merger in 2021, Reuters reported at the time.
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.
