Bitdeer Technologies Group announced the closing of the private placement of an additional US$45.0 million principal amount of 4.875% Convertible Senior Notes due 2031. This transaction resulted from the full exercise by the initial purchasers of their option granted in connection with the company's previously announced US$330.0 million private placement.
Following this closing, the gross proceeds from the convertible notes offering amounted to US$375.0 million. This additional capital further strengthens Bitdeer's financial position.
The funds are intended to support datacenter expansion, ASIC-based mining rig development and manufacture, as well as working capital and other general corporate purposes, reinforcing the company's growth strategy.
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