Bitdeer announces the issuance of $150 million in convertible bonds for data center expansion and more
PANews reported on August 16 that Bitdeer Technologies Group, a Bitcoin mining company under Wu Jihan (NASDAQ stock code: BTDR), announced the pricing of its public issuance of $150 million 8.50% convertible senior notes. The issuance is expected to be completed by August 20, 2024. The notes will mature in 2029, and holders can choose to convert the notes into cash or Class A common shares of the company. Bitdeer plans to use the proceeds from this issuance for data center expansion, ASIC miner development and other general corporate purposes. BTIG is the sole bookrunner for this issuance.
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