Bitdeer Technologies Group has announced a $330 million convertible notes offering to enhance its Bitcoin mining operations and develop new ASIC rigs. This offering, set to close in mid-2025, allows investors to convert notes into Class A shares at a premium. It's Bitdeer's third such raise, following previous successes. The proceeds aim to fund datacenter expansion, AI infrastructure, and note exchanges with existing bondholders. Following successful mining efforts in May, the company continues to grow its capabilities internationally.
"The offering is expected to close on June 23, 2025, and will largely fund expansion and development of Bitdeer's operations in the cryptocurrency sector."
"Bitdeer's latest offering is aimed at bolstering its operations, with a focus on ASIC rig development, datacenter expansion, and enhancing AI infrastructure capabilities."
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