Bitdeer offers $330 million in convertible notes to expand its operations.

According to ChainCatcher news reported by Cointelegraph, Singapore Bitcoin mining company Bitdeer Technologies Group announced the offering of $330 million in senior convertible notes to support various plans 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 options trading and $36 million for the settlement of 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. According to previous reports from Globenewswire, Bitcoin mining company Bitdeer announced the issuance of $300 million principal convertible senior notes maturing in 2031 through a private placement to qualified institutional buyers.