Historical context and additional financing

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Deployment of SEALMINER rigs and achievement of a 13.6 EH/s self-mining hashrate in May 2025 were highlighted by Bitdeer’s Chief Business Officer Matt Kong as part of the company’s expansion plan supported by its June 2025 $330 million convertible notes offering.
Bitdeer conducted two previous convertible notes offerings prior to its June 18, 2025, raise, securing $150 million in August 2024 and $360 million in November 2024.
Bitdeer Technologies Group secured $40 million from a $200 million debt facility opened with Matrix Finance in May 2025; both Bitdeer and Matrix Finance are led by Jihan Wu, who is also the co-founder of cryptocurrency mining rig manufacturing company Bitmain.
Bitdeer raised $100 million from Tether in May 2024 by selling equity to the stablecoin issuer.

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