According to BlockBeats, on August 16, Bitdeer Technologies Group announced its plan to publicly offer $150 million in convertible notes, set to mature on August 15, 2029. The proceeds from this offering will be used to expand its data centers and develop ASIC-based mining equipment. The annual interest rate for these notes will be 8.5%.

Bitdeer stated that these notes will be the company's senior unsecured debt unless they are converted, redeemed, or repurchased earlier.