Bitcoin mining company Bitdeer announces issuance of $360 million in convertible senior notes

Bitcoin mining company Bitdeer announced that it will issue $360 million of convertible senior notes to qualified institutional buyers in a private placement, with a maturity date of 2029. The company also granted the initial purchasers of the notes an option to purchase up to an additional $40 million in principal within 13 days of the date of the initial issuance of the notes. The sale of the notes is expected to be completed on November 26, 2024, subject to customary closing conditions, and the related funds are intended to be used for data center expansion, development and manufacturing of ASIC-based mining equipment, as well as working capital and other general corporate purposes. (globenewswire)