Bitdeer expects to raise approximately $320 million to $360 million from its June 2025 senior convertible notes offering, which could expand to $375 million if additional notes are purchased within 13 days from the announcement date.

Quotes that support claims

The offering is targeted at qualified institutional buyers under Rule 144A of the Securities Act. If investors exercise an option to buy more within 13 days, the offering could reach $375 million.

The offering was upsized $30 million from the private placement’s principal amount of $300 million, which was initially announced on Tuesday. Furthermore, the firm will offer the option of up to an additional $45 million in principal notes to initial purchasers.

Bitdeer expects to raise between $320 million and $360 million from the deal, depending on whether investors purchase the offered notes in full.