🚨 Bitdeer Announces $400M Convertible Notes Offering to Boost AI & Mining Expansion!
Bitdeer (Nasdaq: $BTDR) plans to issue $400 million in Convertible Senior Notes due in 2031, with an additional $60 million option for initial purchasers.
Funds will be used to expand data centers, develop ASIC mining machines, and grow its HPC and AI cloud business. Bitdeer also intends to repurchase its 5.25% convertible bonds due in 2029 to optimize capital structure.
This move shows Bitdeer’s strategic shift toward AI-integrated mining infrastructure, blending traditional crypto operations with high-performance computing growth.
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