Bitcoin mining company Bitdeer announced the private placement of $360 million in convertible senior notes to qualified institutional buyers, maturing in 2029. The company also granted 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 notes' initial issuance. The sale of the notes is expected to be completed by November 26, 2024, subject to customary closing conditions, and the proceeds are intended for the expansion of data centers, development and manufacturing of ASIC-based mining equipment, as well as working capital and other general corporate purposes. (globenewswire)