Bitdeer to offer $330M convertible notes to expand operations

Description

Bitdeer Technologies Group, a Bitcoin mining company based in Singapore, announced the offer of $330 million in senior convertible notes to support multiple initiatives, including data center expansion and further development of ASIC-based mining rigs.

Authors

Christopher Tepedino

Publish date

June 18, 2025

Publisher

Cointelegraph

Web URL

https://cointelegraph.com/news/bitdeer-offer-330m-convertible-notes-to-expand-operations

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Bitdeer Technologies Group, a Bitcoin mining company based in Singapore, announced the offer of $330 million in senior convertible notes to support multiple initiatives, including data center expansion and further development of ASIC-based mining rigs.

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Bitdeer raises $330M in convertible notes

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Convertible notes are a form of debt financing that companies issue to raise capital. The notes can typically later be converted into equity or an ownership stake in the company. A senior convertible note has priority over other types of debt issued by the company.

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