Of the total, $130 million will be allocated to a zero-strike call option transaction, while $36 million will be used to settle concurrent note exchange transactions. The remaining proceeds will go to expand the company’s operations.
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Bitdeer to offer $330M convertible notes to expand operations
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Bitdeer will allocate capital from its June 2025 $330 million senior convertible notes offering by using approximately $129.6 million for zero-strike call options, $36.1 million for note exchange cash considerations, and the remaining funds for ASIC mining rig expansion, working capital, and general corporate purposes.
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