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Bitdeer Announces Proposed Private Placement of US$300.0 Million of Convertible Senior Notes

1. Bitdeer intends to offer $300 million in Convertible Senior Notes. 2. The offering may enhance liquidity and financial stability for BTDR.

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Why Bullish?

The issuance of convertible notes typically indicates confidence in growth, enhancing investor perception. Historically, companies that have issued convertible notes during market expansion periods, such as Tesla in 2017, have often seen positive stock movements as funds are directed toward growth initiatives and debt management.

How important is it?

The issuance of convertible notes reflects a strategic move to strengthen BTDR’s financial position, which is crucial in the high volatility sector of cryptocurrency. With the current buzz around Bitcoin mining, any financial maneuver that produces liquidity can significantly impact BTDR's operational and market stance.

Why Long Term?

Funds from the convertible notes can be used strategically, improving BTDR's financial positioning over several years. Similar long-term impacts were observed in companies like Nvidia, whose capital raises supported sustained growth trajectories.

Related Companies

BTCTSLANVDA
SINGAPORE, June 17, 2025 (GLOBE NEWSWIRE) -- Bitdeer Technologies Group (Nasdaq: BTDR) (“Bitdeer” or the “Company”), a world-leading technology company for Bitcoin mining, today announced that it intends to offer, subject to market conditions and other factors, US$300.0 million principal amount of Convertible Senior Notes due 2031 (the “notes”) in a private placement (the “offering”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The Company also intends to grant the initial purchasers of the notes an option to purchase, for settlement within a 13-day period beginning on, and including, the date on which the notes are first issued, up to an additional US$45.0 million principal amount of notes.

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