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.

Quotes that support claims

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.

Instead, the Singapore-based mining firm will use $129.6 million to pay zero-strike call options, $36.1 million to pay cash considerations, and the remaining proceeds for “data center expansion, ASIC-based mining rig development and manufacture, as well as working capital and other general corporate purposes.