Bitdeer Launches 400 Million Notes Offering
Bitdeer Technologies Group has announced plans to raise 400 million through convertible senior notes due in 2031. The Singapore-based Bitcoin mining and AI cloud company said the buyers could purchase another 60 million in notes within 13 days of the first issue.
The offering comes at a key time. Bitdeer wants to strengthen its finances and push global expansion. The new funds will support datacentre growth, ASIC miner development, and its fast-growing AI and high-performance computing services.
These notes are senior unsecured debt and will pay interest twice a year. Bitdeer may repay the notes in cash, Class A shares, or both.
