Bitdeer to Raise $300M for Data Center, AI Cloud Expansion

Bitdeer (BTDR) announced plans to issue $300 million in convertible senior notes maturing in 2032 through a private placement. The company will also offer initial purchasers an option to buy an additional $45 million in notes. Proceeds will be used to finance cap option transactions, repurchase existing 5.25% convertible notes due 2029, and fund data center expansion, high-performance computing and AI cloud services, ASIC miner R&D, and general corporate purposes.