Bitdeer Plans $400 Million Fundraising Through Convertible Notes

According to Odaily, Nasdaq-listed Bitcoin mining company Bitdeer has announced its intention to raise $400 million through the issuance of convertible senior notes. The company also plans to grant initial purchasers of the notes an option to buy up to an additional $60 million within 13 days of the initial issuance. This could increase the total fundraising amount to $460 million. The new funds are intended for the expansion of data centers, development of ASIC mining machines, expansion of AI and HPC cloud business, and general corporate purposes.