Bitdeer to raise $400 million through convertible senior notes offering

Jinse Finance reported that Nasdaq-listed bitcoin mining company Bitdeer announced it will raise $400 million through the issuance of convertible senior notes. The company also plans to grant the initial purchasers of the notes an option to purchase up to an additional $60 million of notes within 13 days from the initial issuance date, which means the company's total fundraising could reach up to $460 million. The new funds are intended for data center expansion, ASIC miner research and development, AI and HPC cloud business expansion, as well as general corporate purposes.