Bitdeer to raise $400 million through convertible senior notes offering

Odaily Planet Daily reports that Nasdaq-listed Bitcoin mining company Bitdeer announced it will raise $400 million through a convertible senior note offering. The company also plans to grant initial purchasers an option to purchase up to an additional $60 million of the notes within 13 days of the initial offering, meaning the company could raise up to $460 million. The new funds are intended for data center expansion, ASIC mining machine development, AI and HPC cloud business expansion, and general corporate purposes. (Globenewswire)