Offering structure and purpose

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Bitdeer’s convertible notes carry a 4.875% annual interest rate, mature in 2031, and are convertible at a 25% premium over the current share price.
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.
Bitdeer’s $330 million senior convertible notes offering announced on June 18, 2025, is directed at qualified institutional buyers under Rule 144A of the Securities Act.

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