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Bitdeer will issue $150 million convertible bonds to expand its data center and develop ASIC-based mining equipment

On August 16, Bitdeer Technologies Group announced that it plans to publicly issue $150 million in convertible notes with a maturity date of August 15, 2029 to expand its data center and develop ASIC-based mining equipment. It is reported that the annual interest rate of these notes will be 8.5%.

Bitdeer said that these notes will be the company's priority unsecured debt unless converted, redeemed or repurchased in advance.