Bitcoin mining company Bitdeer recently announced a significant financing plan! The company plans to issue a total of $360 million in convertible preferred notes to qualified institutional buyers through a private placement, with a maturity date set for 2029.🗓️

In addition, Bitdeer also offers initial purchasers an additional option to buy up to $40 million of additional notes within 13 days after the initial issuance.💰

This transaction is expected to be completed on November 26, 2024, and the funds raised will be used for the expansion of data centers, development and manufacturing of ASIC-based mining equipment, and other working capital needs.📈

This initiative demonstrates Bitdeer's commitment to continued expansion in the crypto industry.🔍