Bitdeer Announces $300M Convertible Note Offering

Bitdeer Technologies on Thursday announced a $300 million convertible senior note offering, with an option to sell an additional $45 million, and convertible notes maturing in 2032. The financing prompted a 17.38% intraday share decline to $7.94, following a prior $150 million offering in April 2024. Proceeds will fund datacenter expansion, AI cloud growth, mining-rig development, and general corporate purposes.