Bitdeer Technologies Group announced plans to offer $360 million in Convertible Senior Notes due 2029 through a private placement to qualified institutional buyers. The company may grant initial purchasers an option for an additional $40 million in notes. Proceeds will fund datacenter expansion, ASIC mining rig development, and general corporate purposes.In connection with the offering, Bitdeer intends to enter a zero-strike call option transaction and conduct note exchange transactions for its existing 2029 notes. These actions may impact the market price of Bitdeer's Class A ordinary shares and the new notes.The notes will be unsecured obligations with semiannual interest payments. Upon conversion, Bitdeer may settle in cash, Class A ordinary shares, or a combination. The offering's specific terms, including interest rate and conversion rate, will be determined at pricing.

Bitdeer Technologies Group announced plans to offer $360 million in Convertible Senior Notes due 2029 through a private placement to qualified institutional buyers. The company may grant initial purchasers an option for an additional $40 million in notes. Proceeds will fund datacenter expansion, ASIC mining rig development, and general corporate purposes.In connection with the offering, Bitdeer intends to enter a zero-strike call option transaction and conduct note exchange transactions for its existing 2029 notes. These actions may impact the market price of Bitdeer's Class A ordinary shares and the new notes.The notes will be unsecured obligations with semiannual interest payments. Upon conversion, Bitdeer may settle in cash, Class A ordinary shares, or a combination. The offering's specific terms, including interest rate and conversion rate, will be determined at pricing.