CoinVoice has recently learned that, according to GlobeNewswire, Bitcoin mining company Bitdeer announced a private placement of $360 million in convertible preferred notes to qualified institutional buyers, maturing in 2029.
The company also grants the initial purchasers of the notes the option to purchase up to an additional $40 million in principal notes within 13 days from the date of the initial issuance of the notes. The sale of the notes is expected to be completed on November 26, 2024, subject to customary closing conditions, and the related funds are intended to be used for data center expansion, development and manufacturing of ASIC-based mining equipment, as well as working capital and other general corporate purposes. [Original link]