Bitcoin mining company Bitdeer announces issuance of $300 million convertible senior notes

Odaily News Bitcoin mining company Bitdeer announced that it has issued $300 million principal amount of convertible senior notes due in 2031 to qualified institutional buyers through a private placement. The company also plans to grant the initial purchasers of the notes an option to purchase up to an additional $45 million principal amount of notes within 13 days from the date of the initial issuance of the notes. The company plans to use part of the net proceeds from this offering to pay the cost of zero-strike call option transactions and the cash consideration for the concurrent note exchange transactions, and to use the remaining net proceeds from this offering for data center expansion, the development and manufacture of ASIC mining machines, as well as working capital and other general corporate purposes. (Globenewswire)