Bitdeer offers $330 million in convertible notes to expand operations

ChainCatcher news, according to Cointelegraph, Singapore-based Bitcoin mining company Bitdeer Technologies Group announced the offering of $330 million in senior convertible notes to support multiple initiatives, including data center expansion and further development of ASIC-based mining equipment. These convertible notes will mature in 2031, with $130 million allocated for zero strike price option trading and $36 million for settling concurrent note exchange transactions. The remaining funds will be used to expand the company's operations. This new issuance follows a similar debt financing of $150 million conducted in August 2024.

Previously, according to Globenewswire, Bitcoin mining company Bitdeer announced the issuance of $300 million principal convertible preferred notes maturing in 2031 through a private placement to qualified institutional buyers.